Nigeria, May 5 -- The federal government has pledged to address the N4 trillion debt owed to Power Generation Companies (GenCos) in the country.

In a statement Sunday evening, Bolaji Tunji, special adviser on Strategic Communication and Media Relations to the Minister of Power, Adebayo Adelabu, said this commitment follows high-stake talks between the minister and chairperson of GenCos.

"The federal government has vowed to urgently address the N4 trillion debt crippling Nigeria's power generation sector, following high-stakes talks between Power Minister Adebayo Adelabu and Chairmen of Generating Companies of Nigeria in Abuja on Tuesday. The move aims to avert an imminent collapse of the power infrastructure in the country," the stateme...