April 29, 2026

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Tag: GenCos

GenCos Dismiss Claims Tinubu Reduced Power Sector Legacy Debt to N2.8trillion

News Room03 mins

The Association of Power Generation Companies, APGC, has debunked reports alleging that President Bola Tinubu reduced the Federal Government’s power sector legacy debt owed to Generation Companies (GenCos) from N6.5 trillion to N2.8 trillion. The Chief Executive Officer of APGC, Dr. Joy Ogaji, made the clarification in a statement issued on Monday, describing the reports…

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FG Sets to Clear N4tr GenCos’ Debt                                             

News Room02 mins

Minister of Finance and Coordinating Minister of the Economy Wale Edun yesterday confirmed the presentation of a proposal to the Federal Executive Council (FEC) for the clearance of the N4 trillion debt owed to power generation companies (GenCos). Edun told State House reporters after the FEC meeting that he presented a memo on refinancing outstanding obligations in…

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