Tag: Tinubu offsets N3.3tn power sector debts

  President Bola Ahmed Tinubu has approved part payment of all power sector debts, estimated at N3.3 trillion. Adebayo Adelabu, Nigeria’s Minister of Power, disclosed this at Thursday’s 8th Africa Energy Marketplace in Abuja. He noted that the federal government’s N1.3 trillion debt to power-generating companies would be paid via cash injections and promissory notes,…