Emmanuel Addeh in Abuja
The federal government has begun negotiation with power Generation Companies (Gencos) in Nigeria, with a view to setting out modalities for gradual payment of N4 trillion owed them.
A statement by Bolaji Tunji, the Special Adviser, Strategic Communications and Media Relations to the Minister of Power, Chief Adebayo Adelabu, stated that the move will help to urgently address the huge debt crippling Nigeria’s power generation sector.