FG Yet To Meet Gencos Despite Promises Over N4.7tn Debt

Despite the Ministry of Power’s promise that President Bola Tinubu would soon meet with power generation companies to discuss the N4.7tn debt owed to them, there has been a deafening silence, with no communication extended to the GenCos nearly two months later.

Last month, the Federal Government said that it planned to pay N2tn of the N4.7tn debt before the end of the next quarter, according to the Special Adviser to the President on Energy, Olu Verheijen.

However, despite all the promises, the GenCos told our correspondent that the Federal Government has yet to contact them for any discussion about payment or how to see the President.

But the Minister of Power, Adebayo Adelabu, through his media aide, Bolaji Tunji, told The PUNCH that efforts were still ongoing to arrange a meeting between the generation companies and Tinubu.