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N200b Monthly Electricity Subsidy not Sustainable – Minister

Power Minister Raises Alarm Over N200 Billion Monthly Electricity Subsidy, N4 Trillion Debt to GenCos The Minister of Power, Chief Adebayo Adelabu, has once again...

Gencos Seek Tinubu Meeting Over N4.7tn Debt

Electricity generation companies (Gencos) in Nigeria have urged President Bola Tinubu to promptly schedule a long-awaited meeting over the staggering N4.7 trillion debt owed...

Power Crisis: Tinubu to Meet GenCos over N4trn Debt

The government is committed to resolving GenCos debt to stabilise the sector and prevent further crisis. The Minister of Power, Adebayo Adelabu, has announced that...

GenCos N4trn Debt to be Offset by FG

The minister has repeatedly harped on this, knowing the implication of such debts to the operations of the various power sector stakeholders, especially the...

GenCos Threaten Total Shutdown Due to N4trn Debt

GenCos are requesting that immediate and expedited action be taken to prevent national security challenges that may result from the failure of the GenCos...

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