Tegbe vows penalties for underperforming DisCos, GenCos
The Ministry of Power says it will penalise underperforming DisCos and GenCos and reform tariffs, after Minister Tegbe said Nigeria's power sector "arithmetic does not add up." The Ministry of…
FG launches N729bn power sector bond to clear GenCos’ legacy debts
The Federal Government has launched a N729 billion Series 2 Power Sector Bond to settle verified legacy debts owed to GenCos, gas suppliers and service providers, aiming to restore investor…
Power Sector
FG, GenCos seal framework for ₦4trn power sector debt plan
The federal government has finalized the implementation framework for the ₦4 trillion Presidential Power Sector Debt Reduction Plan. The framework, endorsed by President Bola Ahmed Tinubu and the Federal Executive…
