✍️ Mary Izuaka, .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow, Class, Wp-Block-Co-Authors-Plus, Display Inline, .Wp-Block-Co-Authors-Plus-Avatar, Where Img, Height Auto Max-Width, Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar, Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright📅 October 15, 2025 12:14 PM🕐 Scraped: October 15, 2025
Summary: The government said the intervention is the largest in over a decade, and will address a legacy debt overhang that has constrained investment, weakened utility balance sheets and impeded reliable power delivery across the country.
The Nigerian Government has taken a major step towards restoring operational stability and investor confidence in the electricity market with the finalisation of the implementation framework for the presidential power sector debt reduction plan.
Senan Murray, the head of media and communications unit, Office of the Special Adviser to the President on Energy, said in a statement on Tuesday.
Power generation companies (GenCos), in April, warned of imminent shutdown if the government failed to tak
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