Nigeria has introduced a $2.1 billion debt settlement programme aimed at stabilising its power sector and unlocking stalled generation capacity.
The plan covers 15 generation plants operated by six private firms, including major companies like Egbin Power Plc and Geregu Power Plc, along with two state-owned entities.
However, challenges such as limited transmission capacity and low metering rates continue to hinder progress in the sector.
Nigeria is also looking to increase electricity exports across West Africa, though unpaid debts from neighbouring countries remain a persistent issue.
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