ATIKU APOLOGIZES TO NIGERIAN TEACHERS, CITING 'FAILED LEADERSHIP' AMID ECONOMIC HARDSHIP. (PHOTO).

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 Atiku Apologizes to Nigerian Teachers, Citing 'Failed Leadership' Amid Economic Hardship Abuja, Nigeria - Former Vice President and Presidential Candidate of the African Democratic Congress, Atiku Abubakar, has issued a heartfelt apology to Nigerian teachers, attributing their current economic plight to what he described as the 'failed leadership' of the nation. In a statement released on Monday by his spokesperson, Abubakar expressed deep concern over the escalating cost of living, which he stated is severely hindering teachers' ability to provide for their families and effectively carry out their crucial educational duties. Abubakar, a staunch advocate for education, took a moment to laud the immense sacrifices made by Nigerian educators. Reflecting on his own formative years, he shared a personal connection to the teaching profession. "Of course, I appreciate Nigerian teachers. I am a product of their work and the education I received in their classrooms,...
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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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