Power sector : Tinubu approves payment of N3.3trn debts

Tinubu

In a strategic move to address the persistent power outages plaguing Nigeria, President Bola Tinubu has approved a phased repayment plan for the power sector’s outstanding debts, totaling over N3.3 trillion. The initiative will see the federal government disburse approximately N1.3 trillion to power generating companies (Gencos) through a combination of cash payments and promissory … Read more