Nigeria’s worsening inflation has led to a 112 per cent rise in the administrative expenses of Geregu Power Plant Plc majorly controlled by billionaire businessman Femi Otedola.
The company’s 9-month unaudited interim financial statement obtained by THE WHISTLER showed that the power company also saw an increase in its expenses from N2.76bn in September 2022 to N5.87bn in 2023 .
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