Transcorp Group chairman Tony Elumelu has warned that the country’s electricity supply system will collapse if the federal government fails to urgently pay debts owed to power generation companies and accelerate long-delayed sector reforms.
Speaking Wednesday in Abuja at the 19th Annual General Meeting of Transnational Corporation Plc (Transcorp), Mr Elumelu said his company alone is owed over N600 billion — approximately $400 million — for electricity already generated and…
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