From Mika’il Tsoho, Dutse
The Geregu Power Plc has promised continued support for President Bola Ahmed Tinubu’s Renewed Hope Agenda in the power sector, assuring stakeholders of its commitment to strengthening electricity generation and meeting its bond obligations in full.
This was announced by the Chairman of the company, Senator Abdul’aziz Abubakar Yari (Marafan Sokoto), adding that, the Board was determined to complement the Federal Government’s efforts to transform the power sector and deliver sustainable energy to Nigerians.
In a statement issued by Eng. MD Aliyu said “Yari, who reaffirmed the company’s commitment to the Renewed Hope Agenda.
According to the statement “Stakeholders in the power sector must do everything possible to ensure the success of the administration’s efforts to improve electricity generation and supply”.
“As a stakeholder and a Senator of the Federal Republic of Nigeria, I deem it incumbent on us all to do everything humanly possible for the Renewed Hope Agenda to succeed,” he said.
He commended President Tinubu for the support being given to the power sector, stressing that Geregu Power would continue to support initiatives aimed at improving the nation’s electricity generation capacity.
The chairman also assured bondholders, trustees, shareholders and other stakeholders that the company would honour its outstanding bond obligations.
He said the Board was engaging the former management and Board of Geregu Power Plc on outstanding legacy matters, assuring stakeholders that the issues would be resolved.
“We continue to engage the former Management and Board of Geregu Power Plc regarding outstanding legacy matters.
“I want to assure all stakeholders that this obligation will be resolved, and we are taking all necessary steps to protect the interests of our shareholders and bondholders,” Yari said.
He added that the Board remained committed to preserving shareholder value and maintaining the highest standards of corporate responsibility.
The company further assured the public, bondholders, trustees and management of its continued support as it strives to sustain and improve power generation for the benefit of the nation.
Geregu Power Plc is a leading Nigerian power generation company committed to providing sustainable and efficient energy solutions to support national development and industrialization.
