N2.7tn debt sparks blackout as gas supply to GenCos halt0

• BUSINESS
• December 12, 2024

Gas producers in Nigeria have ceased supplying natural gas to power generation companies, GenCos, due to unpaid debts, plunging the nation into widespread blackouts. The abrupt suspension follows a directive reportedly issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, prohibiting further gas deliveries until outstanding debts are cleared. Dr Joy Ogaji, Chief