Nigeria, July 26 -- President Bola Tinubu on Friday appealed to power generation companies (GenCos) to give the federal government more time to complete the verification and validation of longstanding debts owed to them.

During a meeting with members of the Association of Power Generation Companies, led by Sani Bello, at the Presidential Villa in Abuja, the President assured them of his administration's commitment to resolving the liquidity challenges in the power sector, the Special Adviser to Mr Tinubu on Information and Strategy, Bayo Onanuga, said in a statement.

In April, GenCos warned of imminent shutdown due to a N4 trillion debt owed by the Nigerian government for electricity generated and supplied to the national grid.

The fir...