By Ahmed Rufa’i, Dutse
Geregu Power Plc has reaffirmed its support for President Bola Ahmed Tinubu’s Renewed Hope Agenda in the power sector, pledging to strengthen electricity generation and meet its bond obligations in full.
The Chairman of the company, Senator Abdul’aziz Abubakar Yari, said the Board was determined to support the Federal Government’s efforts to transform the power sector and provide sustainable electricity to Nigerians.
Yari said all stakeholders in the power sector must work together 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 his support for the power sector, assuring that Geregu Power would continue to back initiatives aimed at increasing the country’s electricity generation capacity.
Yari 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 over outstanding legacy matters, adding that necessary steps were being taken to resolve the issues.
“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 protecting shareholder value and upholding high standards of corporate responsibility.
The company further assured the public and other stakeholders of its continued commitment to sustaining and improving power generation for national development and industrialisation.