The secret behind Nigeria’s persistent power outages has been revealed: a massive financial gap in the electricity sector.
Dr. Joy Ogaji of the APGC explained that the national grid collapse and constant blackouts are 120% linked to unpaid bills.
Gas suppliers are now demanding "cash on the ground" before delivering the fuel needed to generate electricity.
Since 2015, the debt has ballooned. In 2025 alone, the sector lost ₦200 billion every single month, making it impossible for power plants to stay afloat.
Global wars involving the US, Israel, and Iran have pushed up crude oil prices, making the cost of backup power (generators) higher than ever for the average Nigerian.
On Wednesday, March 11, the grid could only generate about 3,334MW, which is why many cities are currently experiencing "load shedding" or total blackouts.
The Ministry of Power and the Ministry of State for Petroleum (Gas) are reportedly holding emergency talks to prevent a total shutdown of the electricity value chain.
