Abuja, June 19, 2025 – The Managing Director of the Transmission Company of Nigeria (TCN) has disclosed that the company is currently owed a staggering N457 billion by various entities within the country’s electricity industry for services already rendered. This outstanding debt poses significant challenges to the company’s operational efficiency and infrastructure development plans.
Speaking at a recent industry forum, the TCN MD highlighted that the accumulation of unpaid bills from distribution companies (DisCos), generation companies (GenCos), and other power sector stakeholders has put immense financial strain on the transmission company. According to him, these receivables hinder TCN’s ability to maintain and expand critical transmission infrastructure, which is vital for stabilising and improving the national grid.
The executive stressed that prompt payment by electricity market participants is essential to ensure uninterrupted power transmission and to attract further investments into the sector. He called on all stakeholders, including regulatory bodies and market operators, to prioritise clearing outstanding debts to safeguard the grid’s reliability and the overall growth of Nigeria’s power industry.
Furthermore, the TCN boss underscored ongoing efforts to modernise the transmission network through technological upgrades and increased capacity. However, he cautioned that financial sustainability remains a key factor, urging a collective commitment from government agencies, operators, and consumers alike.
The revelation of the N457 billion debt highlights persistent challenges in Nigeria’s power value chain, including revenue collection inefficiencies and tariff implementation issues. Addressing these concerns is seen as critical to unlocking the sector’s full potential and achieving the nation’s electrification goals.