BREAKING: Presidency Moves to Settle ₦2 Trillion Power Sector Debt by Next Quarter
In a major development for Nigeria’s power sector, the Presidency has initiated internal approval processes aimed at resolving the ₦2 trillion legacy debt owed to electricity generation companies (GenCos).
The move is seen as a significant step toward stabilizing the electricity supply chain, restoring investor confidence, and ensuring smoother operations within the energy market.
Government officials say the resolution is expected to be finalized before the end of the next quarter, signaling renewed commitment to sector-wide reforms and financial accountability.
This debt has long been a critical bottleneck in the power value chain, affecting payments to gas suppliers, operational efficiency, and long-term sustainability of power generation in Nigeria.
⸻According to Nigeria stories
#BreakingNews #PowerSectorReform #NigeriaElectricity #GenCoDebtRelief #EnergyStability #PresidencyUpdate
In a major development for Nigeria’s power sector, the Presidency has initiated internal approval processes aimed at resolving the ₦2 trillion legacy debt owed to electricity generation companies (GenCos).
The move is seen as a significant step toward stabilizing the electricity supply chain, restoring investor confidence, and ensuring smoother operations within the energy market.
Government officials say the resolution is expected to be finalized before the end of the next quarter, signaling renewed commitment to sector-wide reforms and financial accountability.
This debt has long been a critical bottleneck in the power value chain, affecting payments to gas suppliers, operational efficiency, and long-term sustainability of power generation in Nigeria.
⸻According to Nigeria stories
#BreakingNews #PowerSectorReform #NigeriaElectricity #GenCoDebtRelief #EnergyStability #PresidencyUpdate
BREAKING: Presidency Moves to Settle ₦2 Trillion Power Sector Debt by Next Quarter
In a major development for Nigeria’s power sector, the Presidency has initiated internal approval processes aimed at resolving the ₦2 trillion legacy debt owed to electricity generation companies (GenCos).
The move is seen as a significant step toward stabilizing the electricity supply chain, restoring investor confidence, and ensuring smoother operations within the energy market.
Government officials say the resolution is expected to be finalized before the end of the next quarter, signaling renewed commitment to sector-wide reforms and financial accountability.
This debt has long been a critical bottleneck in the power value chain, affecting payments to gas suppliers, operational efficiency, and long-term sustainability of power generation in Nigeria.
⸻According to Nigeria stories
#BreakingNews #PowerSectorReform #NigeriaElectricity #GenCoDebtRelief #EnergyStability #PresidencyUpdate
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