Power generators fear collapse over N4.7tn debt

The Federal Government said it is taking necessary steps to offset the N4.7tn debt owed to power generation companies to avert a possible nationwide blackout.

This came as stakeholders expressed fears that some power generation companies might be forced to shut down due to a lack of liquidity in the sector unless there is an urgent intervention by the Federal Government to clear the debts to Gencos.

However, the Federal Government said it…