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FG to pay GenCos N2trn debt before end of year

April 18, 2025
in Nigeria News
FG to pay GenCos N2trn debt before end of year
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Minister of Power, Adebayo Adelabu, has assured that the Federal Government remains committed to delivering affordable electricity to Nigerians.

At the 6th ministerial press briefing, the minister said the Federal Government is set to pay two trillion out of four trillion Naira owed to power generation companies by the end of the year.

A briefing organised for journalists to engage the ministers is to ensure Nigerians are aware of the Federal Government’s policies .

The minister of Information and National Orientation reiterated the Federal Government’s commitment to driving the media industry in Nigeria through media information literacy institute.

Minister of power on his part talked about what the Federal Government has done to ensure stable electricity since it’s inception.

He also announced that; the Federal Government will pay 2 trillion naira debt out of 4 trillion owed to power distribution companies.

The minister also highlighted record power generation of 6,006 megawatts and the development of key projects, including the soon-to-launch Kaduna Power Plant.

 

 

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