10bn annual investment required to revive sector, Azura MD
In 2025, despite persistent challenges of poor power supply, ageing infrastructure and deepening illiquidity, the Nigerian Electricity Supply Industry NESI was largely shaped by two defining developments: the mounting N6 trillion debt owed by the Federal Government to power generation companies GenCos, and the growing push by state governments to establish electricity regulatory commissions and independent power markets within their jurisdictions.
