Skip to content

Live On Air

🎧 Listen Live 🔴

  • Home
  • Classic TV
  • Shows
  • The Crew
  • News
  • Events
  • Competitions

Tinubu to Meet GENCOs Over N4 Trillion Power Debt

News

Tinubu to Meet GENCOs Over N4 Trillion Power Debt

Minister of Power, Adebayo Adelabu, has announced a meet between President Bola Tinubu and power generation companies (GENCOs) to discuss a N4 trillion debt. 

The Minister assured that the government will pay a significant portion of the debt immediately, with the balance settled within six months.

The government also plans to implement structural reforms, including full liberalization of the power sector and cost-reflective tariffs, while providing targeted subsidies for disadvantaged Nigerians. 

The GENCOs have warned of a national emergency and potential collapse of the power ecosystem if the debt isn’t addressed urgently.

READ ANOTHER RECENT STORY https://classic97.net/umahi-halts-shagamu-iperu-road-work-over-poor-materials/

More Posts

SEC Warns Against Investing in Unregistered Firm Silverkuun

SEC Warns Against Investing in Unregistered Firm Silverkuun

Read More »
Ngũgĩ wa Thiong'o, Icon of African Literature, Dies at 87

NgÅ©gÄ© wa Thiong’o, Icon of African Literature, Dies at 87

Read More »
Notorious Native Doctor, Levi Obieze, Arrested While Fleeing Country

Notorious Native Doctor, Levi Obieze, Arrested While Fleeing Country

Read More »
Umeh King Dies at 103 After 50-Year Reign

Umeh King Dies at 103 After 50-Year Reign

Read More »
  • 2025 Copyright © Megalectrics Limited
  • Privacy Policy
  • Terms
Facebook-f Instagram Twitter Youtube
Facebook-f Instagram Twitter Youtube
  • Copyright © 2022 Megalectrics Limited
  • Listen Live

Live On Air

  • About Us
  • Shows
  • News
  • Classic TV
  • The Crew
  • Contact Us

Classic 97.3 FM

LAGOS

26 Keffi Street, Off Awolowo Road, Ikoyi, Lagos

  • Port-Harcourt
  • Abuja
  • Privacy Policy
  • Terms
  • 2025 Copyright © Megalectrics Limited
Facebook-f Instagram Twitter Youtube
  • Listen Live

Live On Air

  • Home
  • About Us
  • Classic TV
  • Shows
  • The Crew
  • News
  • Contact Us
Facebook-f Instagram Twitter Youtube
  • Privacy Policy
  • Terms
  • Copyright © 2022 Megalectrics Limited