A ₦4 trillion bond program aimed at clearing debts owed to power generation companies (GENCOs) was announced by President Bola Tinubu, who appealed to the power companies to grant the federal government more time to complete the verification and validation of the longstanding debts. Bayo Onanuga, Presidential Spokesman, in a statement, said the President made the pledge, during a meeting with members of the Association of Power Generation Companies, led by Sani Bello at the Presidential Villa in Abuja. He noted that the President assured them of his administration’s commitment…
Read MoreTinubu Approves N4trn To Settle GENCOS Debts
