Power sector crisis: Consumers, experts pick holes in Tinubu’s N3.3 trillion legacy debt approval

Electricity consumers and experts person picked holes with President Bola Ahmed Tinubu’s caller N3.3 trillion colony program for the country’s decade-old bequest powerfulness assemblage debt.

This comes aft Presidential Spokesperson, Bayo Onanuga stated connected Sunday that President Tinubu yet approved N3.3 trillion to settee bequest indebtedness owed to Gencos.

The announcement has generated mixed reactions successful the past 48 hours.

While the Association of Generation Companies of Nigeria questioned the approved N3.3 trillion, stakeholders person besides raised concerns connected however the determination would halt the energy proviso situation successful Nigeria.

DAILY POST reports that the Chief Executive Officer of APGC, Joy Ogaji, raised alarm implicit the parameter utilized by Tinubu’s presidency to get astatine N3.3 trillion verified bequest debt.

She faulted the move, saying that GenCos were not carried along.

In different criticism, Arise Television anchor, Oseni Rufai, successful a station connected X, described the N3.3 trillion arsenic ‘propaganda,’ comparing the announcement to an earlier connection made by the curate of power, Adebayo Adelabu, successful March 2024.

However, Onanuga, successful a station connected X, disagreed with Rufai.

The disorder ...