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The Federal Government has paid N1.23 trillion of its legacy money owed to power era corporations (Gencos) via bonds, with the excellent stability anticipated to be cleared next year.
The Minister of Power, Joseph Tegbe, disclosed this on the Harvard Business School Association of Nigeria (HBSAN) Energy Conference in Lagos.
He stated the federal government was dedicated to settling the excellent obligations to Gencos whereas stopping contemporary arrears from accumulating within the power sector.
