– Acugas cancels contract, demands upfront payment after year-long supply drought
– Firm gets only N12.3bn, balance of N15.7bn up for negotiation as FG meets Gencos Tuesday
– Weak, vandalized transmission lines hinder evacuation as supply crisis persists nationwide
Peter Uzoho
Nigeria’s only existing wholly state-owned power generation facility, the Ibom Power Plant suffered a shocking 11-month gas supply shortage and resultant generation shutdown in 2025 largely due to the N28 billion owed the company by the federal government as part of the power sector’s N4 trillion legacy debt spanning 2015 to 2024.
