Ajaokuta Steel risks power cut over N5.46bn debt
The moribund Ajaokuta Steel Company Limited and its host community risk being disconnected from electricity supply over unpaid obligations totalling N5.46bn, the Nigerian Electricity Regulatory Commission has disclosed. The NERC, in its just-released 2025 Annual Report, said the steel company and the host community failed to make any payment towards energy invoices and service charges Read More:…
The moribund Ajaokuta Steel Company Limited and its surrounding community face the threat of losing electricity supply due to unpaid obligations totaling N5.46 billion, according to the Nigerian Electricity Regulatory Commission (NERC). In its 2025 Annual Report, NERC revealed that Ajaokuta failed to pay a N4.96 billion energy invoice from Nigerian Bulk Electricity Trading Plc (NBET) and a N500 million service charge from the Market Operator.
The NERC has escalated the situation to relevant federal ministries in hopes of resolving the issue. Non-payment has raised concerns, potentially leading to the disconnection of the Ajaokuta complex from its service providers.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Ajaokuta Steel risks power cut over N5.46bn debt punchng.com
