President Tinubu Meets GENCOS Chairmen to Tackle ₦4 Trillion Power Sector Debt Crisis
[NigerianEye - Nigeria] - 25/07/2025
President Bola Ahmed Tinubu hosted a high-level meeting with the chairmen of Nigeria’s Power Generation Companies (GENCOs) at the State House in Abuja to address the escalating ₦4 trillion debt crisis threatening the country’s electricity supply chain. The meeting, described as an emergency response to avert a potential collapse of the national power grid, follows earlier discussions between the Minister of Power, Adebayo Adelabu, and GENCO leaders, where the government pledged immediate action to resolve the financial strain.The ₦4 trillion debt, comprising ₦2 trillion for power supplied (…)
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