Real Assets
[Premium Times] Nigeria's Minister of Power, Adebayo Adelabu, disclosed this at a press conference in Abuja. : The Nigerian government on Wednesday said it has become very difficult to sustain subsidies on electricity in the country. Mr Adelabu explained that the indebtedness of the country's power sector to electricity-generating companies (GenCos) and the gas companies (GasCos) has risen to over N3 trillion. "Today, we are owing a total of N1.3 trillion to the power generating companies, out of which 60 per cent is owed to gas suppliers.