FG moves to clear N4trn GenCos’ debt as Wale Edun submits proposal to FEC
[NigerianEye - Nigeria] - 14/08/2025
Wale Edun, the minister of finance and coordinating minister of the economy, says he presented a proposal to the federal executive council (FEC) to enable the federal government to clear the N4 trillion debt owed to power generation companies. Edun spoke on Wednesday while briefing state house correspondents after the FEC meeting, presided over by President Bola Tinubu. Edun said during the council’s meeting, he presented a memo on refinancing outstanding obligations in the electricity industry totalling N4 trillion. “I presented a memo on the all-important refinancing of the electricity (…)
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