NGIbom Power Company Limited, a state-owned power plant in Nigeria, experienced severe operational disruptions due to a prolonged gas supply crisis. Over the past 12 months, the plant received natural gas for only about 30 days, leading to nearly 11 months of downtime. The company attributed this to unresolved legacy debts owed by the federal government, which totaled N28 billion as of 2025. Managing Director Engr Camillus Umoh stated that the government still owed N15.7 billion, preventing the company from paying for gas or maintaining equipment. Gas supplier Acugas halted credit extensions and adopted a 'pay-before-supply' policy, exacerbating the situation. The plant, commissioned in 2010, relies on gas from Acugas' Uquo field. The crisis highlights broader liquidity issues in Nigeria's electricity sector, with generation companies collectively owed trillions of naira. Discussions between GenCos and the government aim to resolve these outstanding debts.
Bias read (Progressive): The article frames the issue as a systemic failure of the federal government to address legacy debts owed to power companies, emphasizing the impact on operational viability and economic stability. It highlights the government's role in perpetuating the crisis and underscores the need for urgent res
