By Udeme Akpan, Energy Editor
Ibom Power Company Limited (IPC), one of Nigeria’s first independent State-owned power plants, lost nearly a full year of electricity generation in 2025/2026 after a prolonged gas supply crisis crippled operations at its 191-megawatt power plant, highlighting the deepening liquidity challenges across the country’s power sector.
The company disclosed that it received natural gas for just about 30 days over the past 12 months, forcing repeated shutdowns and leaving the plant idle for almost 11 months.
It blamed the disruption on the failure to fully settle legacy debts owed to electricity generation companies, saying the unpaid obligations had left it unable to pay for gas supplies or finance routine maintenance.
Managing Director of Ibom Power, Engr Camillus Umoh, who spoke during a media clarification and interaction meeting with journalists in Uyo, said the Federal Government still owed the company about N15.7 billion out of a total N28 billion legacy debt accumulated since 2015.
