Nigeria, July 28 -- On Monday, the Minister of Power, Adebayo Adelabu, said over $2 billion has been attracted in new capital for grid expansion and off-grid electrification projects.
Mr Adelabu disclosed this in a statement commending President Bola Tinubu for his intervention in addressing the longstanding debt crisis affecting Nigeria's power generation companies.
On Friday, Mr Tinubu appealed to power generation companies (GenCos) to give the federal government more time to complete the verification and validation of longstanding debts owed to them.
During a meeting with members of the Association of Power Generation Companies, led by Sani Bello, at the Presidential Villa in Abuja, the President assured them of his administration's...
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