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Power Sector

Tinubu okays payment of N3.3tn power sector debts

17 May 2024

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  using the current official closing rate) owed to gas companies will be paid via cash and future royalties.Already, the Federal Government has commenced payment of the cash part of the N1.3tn debt […]

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