President Bola Tinubu is urgently engaging with Nigeria's power generation companies (GenCos) over a massive debt crisis, with arrears reportedly exceeding ₦4 trillion. The GenCos have warned of possible nationwide blackouts if the government fails to settle these debts, which threaten the stability of electricity supply. Tinubu has pledged to resolve the issue, seeking more time to verify the debt claims and proposing a ₦4 trillion bond to address the sector's liquidity shortfall. The government is also working with auditors and legal experts to scrutinize the claims and ensure accurate payments. The crisis highlights longstanding financial and policy challenges in Nigeria's electricity sector, with both sides calling for urgent action to prevent further disruptions.
Seja o primeiro a responder a esta discussão geral .
