Nigerian GenCos Refute NLC Extortion Claims
Analysis based on 15 articles · First reported Feb 18, 2026 · Last updated Feb 19, 2026
The dispute between the Association of Power Generation Companies and the Nigeria Labour Congress highlights significant liquidity challenges in Nigeria's electricity sector, with GenCos owed over N6 trillion. This ongoing instability and public accusations could deter investment and worsen the country's power supply issues, negatively impacting the broader Nigerian economy.
The Association of Power Generation Companies (APGC) has strongly refuted allegations made by the Nigeria Labour Congress (NLC) president, Joe Ajaero, of 'institutionalised extortion' and a 'phantom subsidy' within Nigeria's power sector. APGC, through its CEO Joy Ogaji, dismissed the NLC's claims as a 'misrepresentation of facts' that undermines efforts to stabilize the nation's electricity supply. The association highlighted that power generation companies (GenCos) are owed over N6 trillion in unpaid invoices for electricity generated, making them the most financially exposed segment of the electricity value chain. APGC also rejected insinuations that proposed government liquidity support is a political scheme, emphasizing that such interventions are crucial to prevent further deterioration of the sector. The GenCos have offered their financial records for any forensic examination to demonstrate transparency and accountability.
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