Tinubu approves payment of N3.3tn power sector debts Story by Uchechi OGBUEHI-DANIEL, Lagos As part of the measures to tackle incessant power outages in the country, President Bola Tinubu has approved the gradual payments of power sector debts estimated at over N3.3tn. Consequently, about N1.3tn owed power generating companies by the Federal Government will be paid via cash injections and promissory notes, while about $1.3bn (N1.994tn using the current official closing rate) owed to gas companies will be paid via cash and future royalties. Already, the Federal Government has commenced payment of the...