GenCos dismiss claims Tinubu reduced power sector legacy debt to N2.8tn

The Association of Power Generation Companies, APGC, has debunked reports alleging that President Bola Tinubu reduced the Federal Government’s powerfulness assemblage bequest indebtedness owed to Generation Companies (GenCos) from N6.5 trillion to N2.8 trillion.

The Chief Executive Officer of APGC, Dr. Joy Ogaji, made the clarification successful a connection issued connected Monday, describing the reports arsenic mendacious and misleading.

Her absorption follows claims that the Tinubu medication slashed the N6.5 trillion indebtedness to N2.8 trillion aft conducting an audit of the sector’s fiscal obligations.

Ogaji, however, firmly rejected the report, insisting that nary specified verified oregon last colony fig has been communicated to GenCos.

“We categorically cull caller media reports suggesting that N2.8 trillion represents a recently verified and last colony of GenCos’ bequest debts. The study is wholly inaccurate. It is fake news,” Ogaji said.

She challenged the Presidency to publically merchandise immoderate audit findings supporting the reported figure.

“Those Presidency sources should travel retired openly. Publish your a...