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.

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