Minister of Power, Adebayo Adelabu, has revealed that President Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies (GenCos) as part of an emergency effort to address the ₦4 trillion debt threatening to cripple the country’s electricity supply chain.
Papers News reports that the move follows a high-level meeting on Tuesday, April 29, 2025, between Adelabu and chairmen of GenCos in Abuja, amid mounting fears of a possible collapse of the national grid due to liquidity constraints in the sector.
Gencos had warned the Federal Government about the continued accumulation of debts now totalling over ₦4 trillion.