Generation Companies (GenCos) have threatened to shut down their operations over N156 billion debts owed them by electricity consumers in the country.
The GenCos, in newspaper advertisements on Aug. 8, threatened to shut down their plants over N156 billion debts owed by some government agencies.
However, Consumer Rights Advancement Organisation has
appealed to the Federal Government to intervene and stop electricity generation companies from withdrawing their services.
Mr Adeolu Ogunbanjo, the President of CRADO, a non-governmental organisation, on Friday condemned the development and urged the government to urgently step in to save over 170 million Nigerians from total darkness.
Ogunbanjo appealed to both the legislature and the executive to assist these companies in ensuring the recovery of the debts so as not to cripple the economy.
Ogunbanjo suggested that government should initiate settlement of the debts through the Central Bank of Nigeria and Nigeria Electricity Stabilisation Fund.