News
Blackout Looms As GenCos Threaten Shutdown Over N2trn Debt

Power Generation Companies (GenCos) are urging the Federal Government to address the N2trn electricity debt, emphasizing that 90 per cent of their monthly invoices remain unpaid.
They lamented that the issue is currently endangering the continued operation of their power generation plants hence requesting that “immediate and expedited action be taken to prevent national security challenges that may result from the failure of the GenCos to sustain steady generation of electricity for Nigerians.”
According to a statement signed by its Board Chairman on Sunday, Colonel Sani Bello (retd.), the GenCos are currently owed over N2 trillion for the power they generated, put into the national grid, and consumed by end users.
And this is in addition to the over 1.7 trillion naira, funding gap created in the recent supplementary MYTO order 2024 without a designated fund to fill the gap.
The statement read, “Even though the supplementary MYTO order leaves about 90% of GenCos monthly invoices unmet without a bankable securitisation or financing plan, the power generated by GenCos has continued to be consumed in full without corresponding full payment.
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“The GenCos therefore called on the Federal Government and key stakeholders to urgently address the issue of inadequate payment for electricity generated by them and consumed on the national grid, insisting that the liquidity challenge threatens the continued operation.
“GenCos are of the position that the liquidity challenge threatening the continued operation of their power generation plants must be addressed urgently, and sustainably too. Besides being owed huge debts, GenCos also are operating under very harsh monetary and fiscal conditions, occasioned by the economic realities that face the country today.”
Continuing, the group said in the statement that, “The flow of money within the power industry is one of the fundamental problems preventing Nigerians from enjoying continued and sustainable improvement in electricity supply.
“Expeditiously solving these issues would enable GenCos to meet their critical needs which would, in turn, ensure that they sustainably generate power, to enable Nigerians to have better access to reliable electricity supply. GenCos would like to re-emphasise that this request requires urgent attention.”
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The group stated further, “The power generated by GenCos has continued to be consumed in full without corresponding full payment, notwithstanding the commencement of the Partial Activation of Contracts in the NESI which took effect from July 1, 2022, the minimum remittance order, bilateral market declaration, waterfall arrangement, the risks of inflation, forex volatility with no dedicated window to cushion the effect of the forex impact, the supplementary MYTO order which leaves about 90% of GenCos monthly invoices unmet without a bankable securitisation, or financing plan. This situation has dire consequences for the GenCos and by extension the entire power value chain.”
The group further reaffirmed that “GenCos are currently owed over two trillion Naira for the power they generated, put unto the national grid, and consumed by end users.
“This is in addition to the over 1.7 trillion naira, funding gap created in the recent supplementary MYTO order 2024 without a designated fund to fill the gap. This huge debt outlay is now greatly inhibiting GenCos ability to meet their obligations to lenders, O&M operations, necessary maintenance, spare parts procurements, employee-related obligations etc.
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“The GenCos expectations of being settled through external support such as the World Bank PSRO has also been dampened due to other market participants’ inability to meet their respective distribution linked indicators (DLIs), enshrined in the Power Sector Recovery Program (PSRP). Access to forex is another problem given that major operation and maintenance needs in the generation subsector are dollarized, the importance of a specialised window or stable dollar allocation option for the GenCos cannot be overemphasized.”
The statement also quoted the group as saying, “GenCos are of the position that there is a need for a coordinated approach by all stakeholders in the NESI to address the liquidity issue realistically and sustainably in the power sector so that Nigerians can have access to reliable electricity supply.
“In the light of the severity of the issues highlighted above, the GenCos are
requesting that immediate and expedited action be taken to prevent national
security challenges that may result from the failure of the GenCos to sustain steady generation of electricity for Nigerians.
“GenCos liquidity challenges are further worsened by the various policies introduced such as the payment waterfall in the NESI, which deprioritizes payment to GenCos”.
News
Bauchi Govt Sanctions 4 Senior Officers For Gross Misconduct

The Bauchi state Civil Service Commission (CSC) has sanctioned four senior officers for gross misconduct in the discharge of their service.
This is contained in a statement made available to newsmen in Bauchi on Friday by Mr Saleh Umar, the Public Relations Officer of the Bauchi state Civil Service Commission.
According to him, the decision, which was made during the Commission’s plenary session, was in its continued effort to sanitise the State’s Civil Service.
He listed the names of the officers that were sanctioned to include; Garba Hussaini, a Director, Education and former Provost, Haruna Umar, a Deputy Director, Administration and Human Resources.
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Others included; Umar Yusuf, Chief Executive Officer (Account)- Bursar and Mohammed Usman, Chief Clerical Officer – Cashier, all attached to Bill and Melinda Gate College of Health Sciences Technology in Ningi Local Government Area of the state.
Umar explained that the interdicted officers have been placed on 50 per cent of their salaries with effect from 28th October, 2025 until the end of the full investigation.
“The Commission’s decision was taken to allow further investigation into the allegations laid against the officers.
“The Officers were found guilty of misconduct that contradict Bauchi State Public Service Regulations – 0327 (x) and (xxii) and interdicted under rules 0329 (i), (ii) and (iii) to further distance them from their duty posts for seamless and smooth investigation.
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“In a light-hearted part, the Commission has promoted 21 officers to their next grades of Deputy Chief Librarian, Assistant Chief Librarians and Principal Librarians to grade levels 15, 14, 13, 12 and 10 respectively.
“Others were Assistant Chief Executive Officer and Chief Confidential Secretary on grade levels 13 and 14,” said Umar.
The Public Relations Officer added that Dr. Ibrahim Muhammad, the Chairman of the Commission, reiterated the Commission’s unwavering commitment to the rules of law under his watch.
He noted that while promising to continue to uphold integrity, transparency and fairness in the commission, the Chairman also expressed dismay over the nonchalant attitude of some Civil Servants not knowing the disciplinary procedures in civil service and its consequences.
“Chairman also called on all workers to be conversant with the do and don’t in carrying out their assignments to avoid unnecessary offense,” he said.
News
Don’t Take Law Into Your Hands – NYSC Warns Corps Members

The National Youth Service Corps (NYSC) has warned all corps members serving their fatherland not to take laws into their own hands during and after their service year.
Mr Umoren Kufre, the Bauchi state Coordinator of NYSC gave the warning during the swearing-in ceremony of the 2025 Batch ‘C’ stream 1 corps members at the state’s NYSC permanent orientation camp, Wailo in Ganjuwa Local Government Area of the state on Friday.
“I urge you to obey all the rules and regulations governing the NYSC. In case you notice any irregularity, do not take the laws into your hands.
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“Always ensure that you follow the proper channel of communication to express your grievances.
“Let me assure you again that management will ensure that the basic amenities you need in the camp are provided for you. Your safety and comfort remains our utmost priority,” he said.
Kofre, who explained that a total of 2,050 corps members were posted to the state for the one year compulsory service, said there has not been any serious problem since the commencement of the course and the prospective corps members were participating actively in all camp activities.
He appreciated Gov. Bala Mohammed of Bauchi state for his continuous support to the scheme in the state as well as the complete renovation of Corps Members hostels and the construction of a brand new Multipurpose Hall in the camp.
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The NYSC boss, however, called on the governor to help them rebuild the part of the camp perimeter fence that collapsed about a year ago.
Declaring the orientation camp exercises open, Gov. Bala Mohammed urged the corp members to take the lead and advocate for national development and transformation.
Represented by Mr Mohammed Umar, the State’s Head of Service, Mohammed called on them to take the noble call with utmost seriousness and commit themselves to achieving the scheme’s objectives of national unity and development.
While administering the oath of allegiance, Justice Rabi Umar, the Chief Judge of the state who was represented by Abdullahi Yau, Deputy Registrar, High Court of Justice, charged the corps members to maintain law and order towards the peaceful orientation exercises
News
17 Nigerian States Implementing CPS As PenCom Assets Rise To Over N26trn

The National Pension Commission hassaid only 17 Nigerian states are currently implementing the Contributory Pension Scheme as its assets rose to over N26 trillion in September 2025.
Ms Omolola Oloworaran disclosed this during an event in Benin, Edo State.
Oloworaran, who was represented by the Commission’s Inspectorate Commissioner, Chief Samuel Chigozie Uwandu, stressed that CPS plays a vital role in national economic development.
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According to her, CPS has evolved beyond a retirement policy and has become a symbol of a national shift towards financial discipline and long-term planning.
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Oloworaran noted that the scheme illustrates “a decisive break from past dependencies on state-provided old-age financial security to a new culture of retirement savings and forward planning.
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“A contract between the worker and the employer, with the assurance that a lifetime of labour would be rewarded with financial security in old age.”
“Seventeen states out of the 36 states in the country are currently implementing the Contributory Pension Scheme. Twelve states have not started at all, while seven states are at various stages of establishing their pension bureaux.”
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