PRESIDENT TINUBU CONGRATULATES MINISTER OF STATE FOR FOREIGN AFFAIRS AMBASSADOR ENIKANOLAIYE ON HIS BIRTHDAY. (PHOTO).

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 PRESIDENT TINUBU CONGRATULATES MINISTER OF STATE FOR FOREIGN AFFAIRS AMBASSADOR ENIKANOLAIYE ON HIS BIRTHDAY   President Bola Tinubu has congratulated the Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, on his birthday.    A statement by Bayo Onanuga, Special Adviser to the President, Information and Strategy, indicates that the President describes Ambassador Enikanolaiye as a distinguished diplomat, accomplished administrator and dedicated public servant whose career reflects professionalism, patriotism and a deep commitment to Nigeria.   Ambassador Enikanolaiye served in the Ministry of Foreign Affairs from August 1982 to August 2017, rising through the ranks to become Permanent Secretary. He later served as Senior Special Assistant to the President on Foreign Affairs and International Relations before he was appointed Minister of State for Foreign Affairs.   President Tinubu commends the celebrant’s significant contributions to Nige...
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GENCOS THREATEN NATIONWIDE SHUTDOWN OVER ₦4TRN DEBT. (PHOTO).

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 GenCos Threaten Nationwide Shutdown Over ₦4trn Debt


Power generation companies (GenCos) have warned of an imminent shutdown of power plants nationwide due to an outstanding ₦4 trillion debt owed by the Federal Government.


In a statement released on Monday by Col. Sani Bello (Rtd), Chairman of the Board of Trustees, Association of Power Generation Companies (APGC), the GenCos revealed they are owed ₦2 trillion for electricity supplied in 2024 and ₦1.9 trillion in legacy debts.


They lamented receiving less than 30% of their monthly invoices, citing severe cash flow constraints, regulatory hurdles, and inadequate government budgetary allocation for the sector.


The companies warned that failure to urgently address the liquidity crisis could lead to national grid collapse and security challenges, urging immediate action and a clear debt repayment plan.

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