GenCos Demand Tinubu Clarify ₦3.3tn Power Sector Debt

In a report published on April 6 by The Guardian, Nigeria’s power generation companies (GenCos) have called on President Bola Ahmed Tinubu to explain how the Federal Government arrived at a ₦3.3 trillion electricity debt figure. GenCos say the reported amount does not match reconciled records held within the industry. They argue that accurate debt figures are vital for planning, investment decisions and restoring stability in a sector plagued by cash flow challenges. Industry stakeholders warn that unresolved discrepancies could undermine investor confidence and delay efforts to secure reliable power for homes and businesses. Experts urge transparent accounting and a formal breakdown of the claimed debt. They now expect the Presidency to provide a detailed reconciliation of the ₦3.3tn figure. Clear data, they say, will pave the way for sustainable reforms and reassure all Nigerians about the sector’s financial integrity.

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