FG and GenCos Reach Agreement on N4 Trillion Debt Issue

The Federal Government and Generation Companies (GenCos) in Nigeria have concluded discussions on resolving a significant debt amounting to N4 trillion. This debt has been a major concern impacting the power sector in the country.

The finalized plans aim to address the financial challenges faced by GenCos and improve the overall stability of the power sector. The resolution of this debt issue is crucial for ensuring the efficient functioning of the electricity industry in Nigeria.