The Minister of Power, Adebayo Adelabu, has warned that Nigeria’s power sector could face imminent collapse if urgent liquidity support is not provided to offset the N4tn debt owed to power generation companies.
The Federal Government may sell the 11 power distribution companies through a re-privatisation process if the Electricity Act (Amendment) Bill, 2025, currently before the National Assembly, becomes law.
The Chairman of Heirs Holdings and the United Bank for Africa (UBA), Tony Elumelu, has commended President Bola Ahmed Tinubu for the significant improvement in the oil and gas sector since he assumed office in 2023.
The Manufacturers Association of Nigeria (MAN) has called on the federal government not to see the nominal increase of 18.3 per cent year-on-year Gross Domestic Product (GDP) growth recorded.
