Business
We ’ve Installed 12,000 MW Capacity – GENCOs
Power Generation Companies (APGC), says it has the capacity to generate 12,000 Megawatts (MW) to reduce the electricity needs of Nigerians.
The Executive Secretary of APGC, Joy Ogaji, disclosed this in an interview with newsmen in Abuja on Thursday.
Ogaji said the GENCOs currently have available 8,000 MW capacity, given the readiness of the transmission and distribution networks to absorb the power generated.
“Currently, the generation companies have an installed capacity of 12,500 MW if you put all of them together, they have a capacity to give Nigerians 12,500MW.
“Then they have an available capacity of 8,000MW, out of that 8,000MW, Transmission Company or the transporter that can take this power from us to give to the distribution has a capacity of maximum 5,500, which is what they claim, but we believe they can’t take more than 4,500.
He noted, “A system stress test that was conducted on the distribution lines shows that the distribution companies (DISCOs), can take a maximum of 4,600MW.
“With the available capacity I have 8,000MW if I say okay, come and take no one can take’’.
On current reduction in generation despite its capacity to produce more, she said paucity of funds hindered GENCOs from procuring gas to fire their power plants.
“For now we don’t have vandalism problem but inability to pay for gas.
“How do we pay for the gas, my people were paid a week ago for the electricity generated in January.
“And when they put 100 per cent on the grid, maximally they have been paid 30 per cent of the money, this is one of the issues,’’ she said.
“As we speak, the sector owes the generation companies about N600 billion, unpaid for power that have be generated and consumed already, about N600 billion.
“Now Federal Government came to announce on March 1, that they are bringing N701 billion for the generation companies.
“ Where is this money, that N701 billion where is the money, we have written to government, please show us where this money is.’’
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
