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Joy Ogaji

GenCos Decry Surge in Electricity Debt to Six Trillion Naira

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The Association of Power Generation Companies (APGC) has raised a critical alarm over the state of the Nigerian Electricity Supply Industry (NESI), revealing that the total outstanding debt owed to Generation Companies (GenCos) has ballooned to over ₦6 trillion. This figure represents a staggering 50% increase from the ₦4 trillion debt baseline recorded at the […]

GenCos Repudiate NLC Allegations of Institutionalized Extortion and Deception

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The Association of Power Generation Companies (APGC) has formally condemned allegations of “institutionalized extortion” and the existence of a “phantom subsidy” recently leveled against the sector by the President of the Nigeria Labour Congress (NLC), Joe Ajaero. In a comprehensive rebuttal issued on February 18, 2026, the APGC characterized the NLC’s claims as a strategic […]