Nigeria’s biggest power reform move in years is here.
President Bola Tinubu has approved a ₦3.3 trillion plan aimed at resolving long-standing debts in Nigeria’s power sector. The initiative is designed to stabilize electricity supply and restore investor confidence.
The plan focuses on clearing legacy debts owed to power generation and distribution companies, a major bottleneck in Nigeria’s electricity value chain.
Experts say the success of the initiative will depend on implementation and regulatory discipline.
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