In a landmark move to solve Nigeria's electricity woes, President Bola Ahmed Tinubu has approved a ₦3.3 trillion plan to clear legacy debts in the power sector. The plan aims to pay gas suppliers and GenCos to ensure stable power across the federation.
Special Adviser Olu Arowolo-Verheijen noted that this is a critical step toward restoring investor confidence and stimulating job creation.
Discussion: Do you believe clearing these debts will finally lead to 24/7 electricity in your area? Let’s hear your view.