President Bola Tinubu has urged power generation companies (GENCOs) to give the federal government more time to complete the verification and validation of longstanding debts owed to them.
He recently assured GENCOs of his government’s readiness to resolve the liquidity challenges in the power sector.
Speaking during a meeting with members of the Association of Power Generation Companies at the Presidential Villa in Abuja, the Special Adviser to the President on Energy, Mrs. Olu Verheijen, shared that a ₦4 trillion bond programme has received anticipatory approval from President Tinubu to tackle the liquidity shortfall in the sector.