President Bola Tinubu is taking urgent steps to address a crippling debt crisis in Nigeria’s power sector, with outstanding debts to electricity generation companies (GENCOs) exceeding ₦4 trillion. GENCOs have warned of possible nationwide blackouts if the government fails to settle these arrears, which threaten the stability of electricity supply. Tinubu has appealed for more time to verify the debt claims and has given anticipatory approval for a ₦4 trillion bond programme to help clear the liabilities. The government is also conducting an audit to ensure the accuracy of GENCOs’ claims before payments are made. This move is seen as a critical effort to restore confidence in the sector and prevent further disruptions to Nigeria’s electricity supply.
اس عام گفتگو جواب دینے والے پہلے شخص بنیں۔
