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Electricity: How Tinubu is planning to redeem image
After about three years of not fulfilling his promise to provide stable power supply for the citizens, President Bola Tinubu appears set to redeem his image.
The president on Sunday approved a N3.3 trillion payment plan to settle outstanding debts under the Presidential Power Sector Financial Reforms Programme.
The repayment plan followed a final review of legacy debts that have plagued Nigeria’s power sector for more than a decade.
This was contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga, on Sunday.
The debts accumulated between February 2015 and March 2025 across the power value chain.
Following verification, N3.3 trillion was agreed as full and final settlement to ensure a fair, transparent and credible resolution of the liabilities.
The Presidency said implementation of the plan has commenced, with 15 power generation companies signing settlement agreements totalling N2.3 trillion so far.
The Federal Government has already raised N501 billion to support the initial phase of the payments under the programme.
Out of the amount raised, N223 billion has been disbursed to beneficiaries, while further payments are currently underway
The Presidency said the intervention would improve liquidity across the power value chain and support more stable electricity generation nationwide.
It added that with improved funding, power plants would sustain operations, leading to enhanced reliability of electricity supply to homes and businesses.
Onanuga noted that the reforms would also boost investor confidence, attract new investments, and create jobs across the sector.
Special Adviser to the President on Energy, Olu Arowolo-Verheijen, said the programme was critical to restoring confidence in the power sector.
“This programme is not just about settling legacy debts; it is about restoring confidence across the power sector and ensuring the system works more reliably.”
She explained that the initiative would ensure gas suppliers are paid and enable power plants to operate efficiently and sustainably.
Arowolo-Verheijen said the reforms form part of broader efforts, including improved metering and service-based tariffs linked to electricity supply quality.
“It is part of wider reforms, including better metering and tariffs tied to service delivery, to improve efficiency and accountability.”
She added that the government was prioritising power supply to industries, businesses, and small enterprises to drive economic growth and job creation.
According to her, the overall objective is to deliver more reliable power to households and strengthen support for businesses nationwide
“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians,” she said.
Tinubu commended stakeholders for their support in resolving longstanding issues in the sector and advancing ongoing reforms.
He also confirmed that the next phase of the programme, known as Series II, will commence within the current quarter.
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Criminals, not bandit killed army officer- Police
The Ogun State Police Command has confirmed that five persons, including a soldier and a local hunter, died during a violent attack in Magbon Etido, Mowe, in Obafemi Owode Local Government Area of the state.
In a statement issued in Abeokuta on Wednesday, the Police Public Relations Officer, Oluseyi Babaseyi, said the incident was an “isolated criminal attack” and not a bandit operation as speculated in some quarters.
According to the command, the attackers struck the community, killing a soldier who was on security duty and injuring another military personnel, who is currently receiving treatment.
The assailants also abducted four residents during the raid. Babaseyi said police operatives, working alongside the military and other security agencies, immediately launched a coordinated search-and-rescue operation.
He added that one of the abducted victims was rescued alive, while the remains of the other three were later recovered during the operation.
During the subsequent bush-combing exercise, a local hunter assisting security operatives was reportedly killed in an encounter with the fleeing suspects.
“The Command extends its condolences to his family,” the statement said, while assuring that efforts were ongoing to track down the perpetrators and prevent further attacks.
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