The Federal Government says it has paid N333 billion to eight participating electricity generation companies (GenCos), covering 17 power plants, under the first phase of the power sector debt settlement programme. Special Adviser to the…
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The Federal Government has constituted a committee to address the payment of outstanding debts owed to Power Generation Companies (GenCos) and to establish sustainable payment mechanisms to prevent future accumulation. Mr Mahmuda Mamman,…
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The Minister of Power, Mr Adebayo Adelabu on Sunday said that a meeting has been scheduled between President Bola  Tinubu and the leadership of the  Power Generation Companies (GenCos) over a N4-trillion debt. Adelabu said that the…
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President Bola Tinubu has approved the gradual payments of power sector debts estimated at over N3.3tn. The federal government said this is part of the measures to tackle incessant power outages in the country Similarly, about N1.3tn…
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The Federal Government on Monday asked for more time to fix the nation’s electricity challenges as 17 generation and distribution licenses are due for revocation or renewal tomorrow, November 1. Just like the previous administration had…
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The Nigeria Labour Congress (NLC)  has said the Federal Government must implement by December the agreement to reduce electricity tariffs by N15 per kilowatt-hour. The NLC President, Ayuba Wabba, announced this in a statement on Thursday…
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The Electricity Consumer Protection Forum on Monday opposed the request by power Generation Companies, Gencos, and Distribution Companies, DisCos, for N1.2 trillion bailout from the Federal Government. The group’s National Coordinator,…
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The Senate has mandated its Committee on Power to investigate the activities of power generating and distribution companies to unravel the cause of unsteady power supply in Nigeria. The investigating committee has four weeks within which…
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