Federal Govt Bets On Debt Clearance, Grid Upgrades To End Chronic Power Shortages

The federal government is combining the settlement of N1.2 trillion in power sector a transmission upgrades as it moves to end Nigeria’s chronic electricity shortages and improve supply nationwide.
Minister of Power, Joseph Tegbe, disclosed this on Wednesday while briefing State House correspondents on the outcome of the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu at the Presidential Villa, Abuja.
Tegbe said the payment was part of the government’s broader efforts to tackle liquidity challenges in the electricity sector, particularly those affecting gas supply to power generation companies.
He explained that the government was pursuing several meas...