Nigeria, Feb. 27 -- The Minister of Power, Adebayo Adelabu, on Thursday, said the Nigerian government is owing electricity generation companies (GenCos) and distribution companies (DisCos) in the country over N4 trillion debt.

Mr Adelabu disclosed this while speaking at the public presentation of the National Integrated Electricity Policy (NIEP) and Nigeria Integrated Resource Plan (NIRP) in Abuja on Thursday.

He explained that the debt to GenCos stands at over N2 trillion, while there is an outstanding unpaid subsidy for 2024 of N1.97 trillion. Additionally, he said DisCos are owed N450 billion for the 2024 electricity subsidy.

He added that the debt burden is crippling the sector, making it challenging for GenCos to perform optimally...