Despite the Ministry of Power’s promise that President Bola Tinubu would soon meet with power generation companies to discuss the N4.7tn debt owed to them, there has been a deafening silence, with no communication extended to the GenCos nearly two months later.
Last month, the Federal Government said that it planned to pay N2tn of the N4.7tn debt before the end of the next quarter, according to the Special Adviser to the President on Energy, Olu Verheijen.
However, despite all the promises, the GenCos told our correspondent that the Federal Government has yet to contact them for any discussion about payment or how to see the President.
But the Minister of Power, Adebayo Adelabu, through his media aide, Bolaji Tunji, said that efforts were still ongoing to arrange a meeting between the generation companies and Tinubu.
Speaking on the matter, the Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji, confirmed that the association had yet to hear from the Federal Government.
According to her, neither had a date been fixed for the meeting, nor had the Federal Government contacted the GenCos for further discussions. Asked if the Federal Government had reached out to the GenCos on the meeting with Tinubu, Ogaji replied, “Not yet. We are still waiting.”
Earlier, Ogaji had urged Tinubu to hasten the plan of meeting with the firms over the N4.7tn power sector debt to the GenCos. She expressed cautious optimism over the promise that the government would pay the debt.
