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Tinubu approves ₦3.3trn payment plan to restore reliable power

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President Bola Ahmed Tinubu has approved a ₦3.3 trillion payment plan to clear long-standing debts in Nigeria’s power sector, a move aimed at improving electricity supply and boosting investor confidence.

The announcement was made in a statement by presidential spokesperson Bayo Onanuga, who said the decision followed a review of legacy debts accumulated between February 2015 and March 2025 under the Presidential Power Sector Financial Reforms Programme. “Following verification, ₦3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution,” the statement said.

According to the government, implementation is already underway. Fifteen power generation companies have signed settlement agreements worth ₦2.3 trillion, while ₦501 billion has been raised so far, with ₦223 billion already disbursed.

The Special Adviser on Energy to the President, Olu Arowolo-Verheijen, said the initiative is intended to stabilise the entire power value chain. “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 said.

She added that the plan forms part of broader reforms, including improved metering systems and service-based tariffs. “It is part of a broader set of reforms already underway, including better metering and service-based tariffs that link what you pay to the quality of electricity you receive,” she said.

The government also stated that priority would be given to businesses and industries, emphasising the role of reliable electricity in economic growth and job creation. “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.

See also  Lawyer petitions Chief of Air Staff over personnel’s invasion of disputed Abuja property

Officials say clearing the debt backlog will improve liquidity in the sector, leading to more stable electricity generation and better service delivery. The presidency confirmed that the next phase of the programme, known as Series II, is expected to begin within the current quarter.

Nigeria’s power sector has long struggled with low generation capacity, frequent grid collapses, and widespread outages. A 2024 report by Standard Bank estimated that the country loses around $26 billion annually due to electricity shortages, with businesses spending an additional $22 billion on alternative power sources such as generators.

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Assassination Attempt: Why People Want Me Dead – Trump

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United States President, Donald Trump, has shared his thoughts on why he has faced repeated assassination threats.

It was reports that he spoke while reacting to a shooting incident that disrupted a media event in Washington.

The incident happened on April 25, 2026, during the White House Correspondents’ Dinner held at the Washington Hilton. A gunman caused panic at the gathering, forcing security to act quickly and bringing the event to an abrupt halt.

Speaking after the situation was brought under control, Trump said he believes people who make great changes often become targets.

He linked the attack to his time in office, saying his actions and decisions have affected the country in ways that not everyone supports. He also compared such situations to past events involving well-known leaders who were attacked because of their influence.

The president referred to his past experience, including surviving an earlier assassination attempt at a campaign rally in 2024. He said, despite the risks attached to his position, he continues to live his life without fear and does not see himself as someone shaken by such threats.

He said, “I’ve studied assassinations. I must tell you the most impactful people, the people that do the most… they’re the ones that they go after. I hate to say I’m honoured by that, but I’ve done a lot. We’ve changed this country, and there are a lot of people that are not happy about that. I lead a pretty normal life, considering, you know, it’s a dangerous life. To be honest, I’m not a basket case. A tremendous amount of love and coming together. I was ready to give the most inappropriate speech ever made.”

See also  Lawyer petitions Chief of Air Staff over personnel’s invasion of disputed Abuja property

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I Won’t Forget What IGP Disu Did To Me When I Was Under House Arrest – Obasanjo

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Former President, Olusegun Obasanjo, has expressed gratitude to the Inspector-General of Police, Olatunji Disu, for the role he played during the period he was placed under house arrest in 1995.

It was reports that the former Nigerian leader made this known in an interview with News Central, where he spoke about the difficult time he faced while being held under restriction during the military era. The development dates back to 1995 when Obasanjo was detained under the regime of Sani Abacha.

Obasanjo explained that during that period, a number of individuals stood by him and helped ensure his safety despite the tense situation. Among those he mentioned was the current police boss, whom he credited as one of the people who played a part in keeping him alive while he was under house arrest.

He said the experience remained one of the toughest moments in his life and added that he has not forgotten those who showed him care and support at the time. According to him, it was necessary to openly appreciate such efforts, as people who stand by others in difficult times should be remembered.

He said, “Current IGP, I have to in a special way acknowledge you because maybe the reason I am alive today is because you are one of those who kept me alive when I was under house arrest.”

Beyond his appreciation, the former president also spoke on the country’s security situation. He called for the creation of state police, saying it could help address the rising security concerns across Nigeria.

See also  Boko Haram Fighters Had More Ammunition Than Our Soldiers At Some Point - Goodluck Jonathan

Obasanjo explained that policing at the state level would allow officers to better understand their local environment and respond more quickly to threats. He added that such a system would help tackle crimes early before they grow into wider problems.

He maintained that Nigeria needs practical steps to deal with insecurity and insisted that state police remains one of the options that could strengthen law enforcement across the country.

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‘Na Hunger And Greed’ – Reactions As Tinubu’s ‘Supporter’ Struggles To Take Photo With Peter Obi

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Some Nigerians have claimed that hunger and greed are driving many citizens to support the re-election of President Bola Tinubu.

It was reports that this remark follows a video of Tinubu’s supposed supporter struggling to take a photo with former presidential candidate of Labour Party (LP), Peter Obi.

In the viral video, the man, wearing a cap bearing Tinubu’s insignia, joined other Nigerians as they tried to take a photo with Peter Obi.

The video has sparked mixed reactions from netizens.

@thefoodnetworking wrote: “Politicians dey get shame?”

@chinny005 wrote: “Dear APC supporters, we know you are only supporting because of your pockets, you can still vote for ADC on Election Day and God will bless you!”

@officialblessingnwakwo wrote: “We all know d truth, Peter Obi is loved by many.”

@freshbaba wrote: “Tinubu for mouth, Peter Obi for heart”

@nigerianguy wrote: “Na hunger and greed make most of them Dey wear the cap.”

@democraft wrote: “I never hear of celebrity P0litician before… Na Obi make me know say P0liticians fit be celebrity.”

@misschedel wrote: “An example of I will collect the cap nd still be with who I found fit “

@nochiz wote: “People maybe supporting tinubu for the money they get from it but deep down we all know obi is our best choice. I will vote for him again. And for the picture…. At dome point he has to answer to his children”

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See also  Boko Haram Fighters Had More Ammunition Than Our Soldiers At Some Point - Goodluck Jonathan
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