Nigeria power generation companies have unanimously agreed to shut down power production and supply. The decision was announced by Association of Power Generation Companies, an umbrella body for the power firms of Nigeria. The provocation was the imposition by Nigerian Bulk Electricity Trading Company(NBET) a 0.75 per cent administrative charge on Gencos for payment of gas invoices. Although the demand was rejected by the Gencos, and the Bureau of Public Enterprises and was not approved by NERC, NBET insisted on implementing it. NBET is accused of threatening not to release payments due to Gencos until they accede to its request. According to official sources, NBET owed almost N1tn to power companies. It is reported that NBET is indirectly charging 0.75 per cent for paying its debt to Gencos. , The Executive Secretary, of the Association, Joy Ogaji recommended to the government and other key stakeholders that the administration of the Gencos finances reverts to the Market Operator, rather than NBET .
