Power generation companies have said that discussions with the Federal Government on the N4tn power sector legacy debt are still ongoing.
This is despite the Federal Government’s claims that the implementation framework for the N4tn debt reduction had been finalised with the GenCos.
The Chief Executive Officer of the Association of Power Generation Companies, Dr Joy Ogaji, confirmed that the operators met with top government officials to discuss modalities for settling the outstanding debts but stressed that no concrete agreement had been reached.