NEWS
Senator Okorie Ani Calls on FG to Clear N800 Billion Power Sector Debt to Boost Electricity

Senator Professor Anthony Okorie Ani, representing Ebonyi South Senatorial District in the National Assembly, has called on the Federal Government to clear the N800 billion debt owed to electricity generation companies to help revitalize the power sector. He made the appeal while speaking to reporters after a joint retreat held on Saturday, May 17, 2025, between the Senate Committee on Power and the Nigerian Electricity Regulatory Commission (NERC) in Ikot Ekpene, Akwa Ibom State.
Senator Ani explained that the retreat aimed to discuss urgent reforms and strategies to ensure the financial and operational stability of the electricity sector. He urged all relevant stakeholders to come together and find lasting solutions to the sector’s ongoing challenges.
It is reported that the Nigerian government currently owes electricity generation companies about N200 billion monthly, accumulating to N800 billion since the start of 2025. This is on top of an existing debt of approximately N3 trillion, largely driven by insufficient government subsidies.
He emphasized that settling these debts would mark a significant turning point for both Generation Companies (GenCos) and Distribution Companies (DisCos). Senator Ani appealed for increased collaboration among experts within Nigeria’s power sector to drive meaningful progress.
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
-
POLITICS5 days ago
C-Sagas UK Chapter Meets Founder in London, Reaffirms Humanitarian Vision
-
TECH7 days ago
OpenAI CEO Sam Altman Warns ChatGPT Conversations Aren’t Legally Confidential
-
NEWS5 days ago
Ikwo Noyo Clan Releases Official Timetable for 2025 Nnesweoha Festival
-
ENTERTAINMENT4 days ago
VeryDarkMan Breaks Down in Tears as He Announces Death of Popular Fish Seller
-
NEWS5 days ago
Nigerian Youth Advocate Calls Out Facebook’s Monetisation Policies
-
CAMPUS REPORTS7 days ago
VC Inaugurates Two New Residential Flats Built by AE-FUNAI Parents’ Forum
-
CAMPUS REPORTS5 days ago
Experts Urge Responsible AI And Data Use at AE-FUNAI Law Conference
-
POLITICS4 days ago
2027 Elections: We’re the Only Viable Alternative to APC, PDP Slams ADC
-
CAMPUS REPORTS6 days ago
AE-FUNAI Hosts ACSPN, Highlights Role of Artificial Intelligence in Media and Security
-
SPORTS7 days ago
Asisat Oshoala Shuts Down Retirement Rumors After WAFCON Triumph
-
NEWS6 days ago
David Umahi’s Daughter Kimberly Graduates With First Class
-
SPORTS4 days ago
Morocco Challenges Referee Call After Super Falcons’ WAFCON Triumph