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GenCos Raise Alarm Over N4trn Unpaid Invoices, Says Shutdown Imminent

Nigeria’s electricity generation companies (GenCos) have raised the alarm over an impending collapse of their operations due to the crippling debt of over N4 trillion owed to them by the federal government. The debt, comprising legacy obligations and unpaid subsidies for 2024, was severely undermining the power sector’s ability to function optimally. The Board of […]


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