TINUBU APPROVES PAYMENT OF N3.3TN POWER SECTOR DEBTS
As part of measures to address the epileptic power supply ravaging the country, President Bola Tinubu has approved the gradual payments of power sector debts estimated at over N3.3tn. Consequently, about N1.3tn owed power generating companies by the Federal Government will be paid via cash injections and promissory notes, while about $1.3bn (N1.994tn using the…