Power Generation Companies (GenCos) in Nigeria have called on the administration of President Bola Ahmed Tinubu to provide verifiable evidence supporting claims that N3.3 trillion in outstanding debts has been settled. The demand follows recent government statements suggesting significant progress in clearing liabilities owed to electricity generation firms.

The GenCos, however, have expressed strong reservations, insisting that there is no clear record or communication confirming such payments to operators in the sector. They are now requesting a detailed financial breakdown, including payment timelines, beneficiaries, and the exact components of the alleged debt settlement.

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According to industry insiders, the dispute underscores ongoing tensions between the Federal Government and key players in Nigeria’s power sector, which has long struggled with liquidity challenges. Generation companies maintain that unresolved debts continue to hinder their ability to sustain operations and invest in infrastructure.

The companies warned that without transparency and full settlement of outstanding obligations, the sector could face deeper instability, potentially worsening electricity supply across the country. They also reiterated calls for a more structured and accountable financing framework to address systemic issues.

As pressure mounts, stakeholders say the Federal Government may be forced to clarify its position and provide concrete details to restore confidence in the power sector, amid growing public concern over electricity tariffs and service delivery.