Written By: Ahmed Rufa’i
Geregu Power Plc has reaffirmed its commitment to complementing President Bola Ahmed Tinubu’s Renewed Hope Agenda in the power sector, pledging continued support for efforts to boost electricity generation and drive national development.
The company also assured bondholders, shareholders, trustees and other stakeholders that its outstanding bond obligations would be met in full.
The company’s Chairman, Senator Abdul’aziz Abubakar Yari (Marafan Sokoto), gave the assurances in a statement issued by Engr. MD Aliyu mni and made available to TRUTHS FINDER.
Yari said the Board remained determined to support the Federal Government’s initiatives aimed at transforming the power sector and improving electricity generation and supply across the country.
According to him, stakeholders in the sector must contribute their quota towards ensuring the success of the administration’s Renewed Hope Agenda.
“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,” Yari said.
He commended President Tinubu for the support extended to the power sector, stressing that Geregu Power would continue to support initiatives designed to strengthen the country’s electricity generation capacity.
On the company’s financial obligations, the chairman assured bondholders and other stakeholders that the company remained committed to honouring its outstanding bond obligations.
He disclosed that the Board was engaging the former management and Board of Geregu Power Plc over outstanding legacy matters, assuring stakeholders that necessary steps were being taken to resolve them.
“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,” he said.
Yari further reaffirmed the Board’s commitment to protecting shareholder value and maintaining high standards of corporate responsibility.
The company also assured the public, bondholders, trustees and its management of the continued support of the chairman and Board as it works to sustain and improve power generation for the benefit of Nigerians.
Geregu Power Plc is a Nigerian power generation company committed to providing sustainable and efficient energy solutions to support national growth and industrialisation.
