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FG Targets April to settle GENCOs debts, improve power supply

“The Federal Government aims to settle outstanding debts owed to power-generating plants in April this year, as part of efforts to incentivize continuous operation for improved power generation and supply.

During a visit to the Egbin power plant in Lagos, Minister of Power Adebayo Adelabu announced decisive measures to facilitate foreign exchange access for generation companies, ensuring sustained allocations and enhanced power supply.

Additionally, ongoing discussions with the Ministry of Petroleum Resources and gas suppliers aim to address gas supply constraints and streamline debt facilities.

The Federal Government remains committed to finding solutions benefiting the entire power sector, promoting its long-term sustainability.”

10 thoughts on

FG Targets April to settle GENCOs debts, improve power supply

  • Omiyale Abiodun John

    Whatever Dey intend to do make dem make an mmm snappy
    Make dem settle the bills make we get stable electricity ⚡️

  • Opeyemi

    Our government is a joke 😏
    Them don dey lie give us again

  • Babalola barakat ifeoluwa

    Huhmm make Dey sha keep to thier promise no be by mouth oo

  • okohmichael28

    Anything to improve the power problem in Nigeria is what we are praying for.

  • Ellap

    Good news
    Hope they do as they said

  • Ololade Kehinde

    This is a good news.
    We are hoping to hear more good news and fulfilling ones not just mere talk

  • Ololade Taiwo Michael

    We hope they do as they have promise.

  • Oyedibu Fikayo Odunayo

    This is still another way of corruption…..they know exactly what they are doing

  • demola14

    We hope this is not another bobo because this present government can never be trusted full of lies

  • Chioma

    Wow this is the kind of news w are meant to hearing not be carry money or stealing money for them and their household only not minding whether their followers are suffering more strength sir

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