The Nigerian power sector is facing a major crisis as the generation companies (Gencos) are owed a staggering N5.2 trillion by the Nigerian Bulk Electricity Trading Company (NBET). This debt has been accumulating over the years and has now reached a critical point where the Gencos are struggling to maintain their operations. The Gencos have warned that if the debt is not paid, they will be forced to shut down their power plants, resulting in a nationwide blackout. The Nigerian government has been aware of the situation but has failed to take decisive action to address the issue. The debt owed to the Gencos is a result of the NBET’s inability to pay for the electricity generated by the Gencos. The NBET is responsible for buying electricity from the Gencos and selling it to the distribution companies (Discos). However, the NBET has been struggling to pay the Gencos due to the lack of funds. The situation has been exacerbated by the fact that the Discos are not paying the NBET on time, resulting in a liquidity crisis. The Gencos have been patient and have continued to generate electricity despite the debt owed to them. However, they can no longer sustain their operations without being paid. The potential blackout will have severe consequences on the Nigerian economy, including the loss of businesses, jobs, and revenue. The government has been urged to intervene and pay the debt owed to the Gencos to avoid the impending blackout. The Nigerian power sector has been plagued by challenges, including inadequate funding, poor infrastructure, and inefficient management. The sector has been unable to meet the country’s electricity demands, resulting in frequent power outages. The government has launched several initiatives to reform the power sector, including the privatization of the generation and distribution companies. However, the sector still faces significant challenges, including the debt owed to the Gencos. The Nigerian government needs to take urgent action to address the situation and prevent the impending blackout. The government should also consider implementing policies to improve the efficiency of the power sector and ensure that the Gencos are paid on time. Additionally, the government should invest in the development of new power generation projects to increase the country’s electricity capacity. The potential blackout is a wake-up call for the government to take decisive action to address the challenges facing the power sector. The government should work with the Gencos, Discos, and other stakeholders to find a solution to the debt crisis and ensure a stable and reliable electricity supply. The Nigerian people are eagerly waiting for the government to take action and prevent the impending blackout.