The Minister of Power has pledged to address the four trillion naira electricity debt owed by GenCos, which saw the electricity distribution companies threatening a shutdown yesterday.
Weighing in on the development, the special adviser to the Power Minister, Bolaji Tunji, said the government is aware of the development and is making concrete steps to resolve the lingering issue.
He said as part of the steps taken by the government, the Ministry of Finance will take charge of the payment very soon.
The media aide responding to newsmen yesterday said they are not unaware of this debt arising from the Federal Government’s commitment on subsidy adding that part of the debts are legacy debts, which were on the ground before the Minister of Power assumed office.
