President Bola Tinubu has pledged to settle a long-standing ₦4 trillion debt owed to power generation companies (GENCOs), appealing for time to verify the claims. While giving anticipatory approval for a ₦4 trillion bond program, Tinubu stressed that only validated debts would be paid. This move aims to resolve a severe liquidity crisis threatening Nigeria's power sector, despite recent revenue gains and capacity increases.The post Tinubu vows to tackle ₦4 trillion power sector debt, seeks patience from GENCOs appeared first on National Daily Newspaper.
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