Skip to main content

Featured Post

Political Dynasty or Call to Service? The Debate Around Yusuf Buhari

  Reactions have continued to trail reports that Yusuf Buhari, son of Nigeria’s former president, is considering a run for the House of Representatives seat representing Daura/Sandamu/Mai’Adua Federal Constituency in Katsina State.   While many have quickly labeled this as another case of recycled politics or favoritism, the deeper issue lies beyond one individual. It exposes a larger conversation about leadership, generational responsibility, and the readiness of Nigerian youth. For years, there has been a growing divide between those who are prepared for leadership and those who merely engage in online commentary without meaningful action. Leadership is not built on social media presence, nightlife, or empty criticism, it requires preparation, discipline, and a genuine commitment to service. Ironically, many young people today have had access to leadership training in tertiary institutions, yet struggle to translate that knowledge into real-world impact. There is a tendency ...

Tinubu Approves ₦3.3 Trillion Power Sector Debt Settlement to Boost Electricity Supply

 


President Bola Ahmed Tinubu has approved a landmark ₦3.3 trillion payment plan aimed at resolving long-standing debts in Nigeria’s power sector, in a move expected to significantly improve electricity supply across the country.

The approval, announced in a State House press release dated April 5, 2026, is part of the Presidential Power Sector Financial Reforms Programme, targeting liabilities that have accumulated over a decade.

Clearing a Decade-Long Burden

According to the statement, the debts incurred between February 2015 and March 2025, have been a major constraint on Nigeria’s electricity value chain. Following a comprehensive verification process, the Federal Government agreed on ₦3.3 trillion as a full and final settlement.

So far, implementation is already underway. Fifteen power generation companies have signed settlement agreements totaling ₦2.3 trillion. The government has raised ₦501 billion to kick-start the process, with ₦223 billion already disbursed and additional payments in progress.

What It Means for Nigerians

The settlement is expected to stabilize power generation and improve electricity reliability nationwide. By ensuring that key players, especially power plants and gas suppliers receive overdue payments, the government aims to restore operational efficiency within the sector.

Special Adviser to the President on Energy, Olu Arowolo-Verheijen, emphasized that the initiative goes beyond debt repayment.

“This programme is not just about settling legacy debts. It is about restoring confidence across the power sector, ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably,” she stated.

Driving Economic Growth Through Power Stability

The reform is part of a broader strategy that includes improved metering systems and service-based tariffs designed to align electricity costs with the quality of service delivered.

The administration is also prioritizing electricity supply to businesses, industries, and small enterprises, recognizing the critical role of stable power in job creation and economic growth.

“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians,” Arowolo-Verheijen added.

Next Phase Begins Soon

President Tinubu commended stakeholders for their cooperation in addressing the sector’s legacy challenges and confirmed that the next phase of the programme, Series II will commence later this quarter.

The move signals a renewed commitment by the Federal Government to overhaul Nigeria’s power infrastructure and deliver lasting solutions to one of the nation’s most persistent challenges.

Comments

Popular posts from this blog

BREAKING: Esa-Oke Youths Reunite as Survivors, Caution Pelumi against revisionism

....we’re not your campaign slogan Once upon a glorious, chaotic 2017, practically every able-bodied youth in Esa-Oke held honorary title in the land: Personal Assistant to Barrister Pelumi Olajengbesi. No interviews. No pay. Just passion, blind loyalty, and the stamina to chase him from one campaign ground to the next like a political body double. From Comrade Mainframe to Comrade Swiss, from Yinka Oba to the humble football boys who carried cones like national flags, we were there. We were the movement. Until, of course. Now in 2025, Barrister Pelumi, clearly inspired by a Netflix political drama is on a media tour telling anyone who’ll listen that he "settled everyone who worked for him." Settled who, please? Maybe in his dreams or in the metaverse. In the real world, the story’s a bit different. Those of us from Obokun, who hustled day and night, got exactly zero: no thank you, no handshake. Take Sami, now a former Ward 7 councillor, no thanks from Pelumi. Folusho? Aregbe...

BREAKING: PDP Bleeds in Oriade: Commissioner Loses 14 Party Leaders to Wole Oke in Home Ward

In a significant political shift, 14 grassroots leaders, including prominent women and youth coordinators from Ward 11, covering Ijeda and Iloko in Oriade Local Government Area of Osun State, have resigned from the People’s Democratic Party (PDP) and pledged allegiance to Hon. Wole Oke’s growing political camp in the All Progressives Congress (APC). The mass resignation, formalized in a jointly signed letter, marks a deepening crack within the PDP structure in Oriade, as key mobilizers abandon the party over what they describe as years of marginalization, poor internal democracy, and a lack of direction. Their defection is also seen as a major boost to Wole Oke’s political momentum within the APC, following his recent and controversial departure from the PDP. “We are grateful for the opportunities and experiences we had as PDP members,” the group stated, “but the party no longer reflects our values or aspirations. We believe in Hon. Wole Oke’s leadership and vision, and we are proud to...

Assassination Attempt: Police can’t deny what’s on their desk, says Amotekun boss

  The Corps Commander of the Osun Amotekun Corps , High Chief Dr Hon. Adekunle Isaac Omoyele , who is currently receiving treatment at an undisclosed hospital following an attempted assassination on his life on Monday, has strongly refuted the claims made by the Osun State Police Spokeperson regarding the incident. Reacting to the statement by the Police Public Relations Officer (PPRO), who claimed that investigations had not commenced because the Commander had not provided evidence of the attack, the Amotekun boss expressed deep disappointment, labeling the police response as insensitive and misleading. "It is shocking that a police spokesperson would say there is no evidence of an attack when the Divisional Police Officer (DPO) of Ota-Efun Division — the nearest jurisdiction to the incident — was immediately informed," the Commander said. "Officers from that division visited the scene the same night, assessed the damage, evacuated the vehicle, and advised me to seek ...

I Will Pay $10M If Nnamdi Kanu Curtail Insecurity, Ezendigbo Challenge FG, S' East Politicians

The Founder of the Better Nigeria For Better People, Chief. CBN Onwuasoanya Ezendigbo, has lambasted the former Governor of Anambra State and the Presidential candidate in the last general elections under the Labour Party, Peter Obi, for facilitating efforts towards Nnamdi Kanu's release from detention. Ezendigbo, in a statement released on Thursday said that, Nnamdi Kanu lack power to stop insecurity in Southeast Nigeria. According to the former Presidential Aspirant, "Let's have a road map for a 2-month cease-fire agreement to demonstrate that to release the leader of the Indigenous People of Biafra (IPOB) would stop insecurity. He's just a political football fan for politicians, he said." "I am challenging both the federal government and Southeast politicians with $10M (Ten Million Dollars), they should tell Nnamdi Kanu if there will be no sit-at-home, no kidnapping in the region, that will give guarantee that he has control over insecurity in the southea...