GenCos to meet Tinubu over N4tr debt (Daily Trust)

5 May 2025 12:26 pm
Business

The Nigerian Association of Independent Power Producers (NAIPP) has announced plans to meet with former Lagos State Governor Bola Tinubu to discuss the issue of N4 trillion debt owed to power generation companies (GENCOs) by the Nigerian government. The debt which has accumulated over the years has greatly affected the operations and financial stability of the GENCOs. The meeting with Tinubu who is a prominent political figure and businessman is seen as a step towards finding a solution to the debt crisis. The GENCOs are hopeful that a resolution will be reached with the government to clear the outstanding debt and ensure the sustainability of the power sector.

Read more stories at: https://newsbyday.com

Link to Original Story: https://dailytrust.com/gencos-to-meet-tinubu-over-n4tr-debt/

Discussion Points:

Responses
  • 1) If the government owes GenCos ₦4 trillion and hasn’t paid, how can it justify hiking electricity tariffs for Nigerians who do pay?
    0 Replies
    0 Reply
  • 2) As the government owes GenCos trillions and still expects stable electricity, how long can we pretend this isn’t self-inflicted sabotage of the power sector?
    0 Replies
    0 Reply
  • 3) With ₦4 trillion hanging over the power sector, is it even realistic to expect reliable electricity when the government itself is the biggest defaulter, is it?
    0 Replies
    0 Reply

05 May

0 / 0

05 May

18 Days

  • Topics
  • Questions
  • Responses
  • Views
  • Activity
Quote
Copy Quote