Nigeria, Oct. 15 -- The Federal Government has finalized a comprehensive implementation framework to resolve the 4 trillion debt crisis plaguing Nigeria's electricity market, marking one of the most significant interventions in the sector's history.

The initiative, part of President Bola Ahmed Tinubu's Presidential Power Sector Debt Reduction Plan, aims to restore investor confidence, unlock new funding for generation companies (GenCos), and ensure long-term energy stability.



During a high-level meeting held in Abuja on October 7, 2025, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, Minister of Power, Chief Bayo Adelabu, and Special Adviser to the President on Energy, Olu Verheijen, met with GenCos' seni...