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Wale Adeniran: The likes of you are meant to walk this side for long.JUST IN: Babachir Lawal joins NDC three months after ADC exit2027: Yari 774 Initiative for Asiwaju Representatives Meets APC State Executives, Solicits Support and Unity Among MembersAkintoye, Soyinka, Olubadan, Haastrup, Awolowo, Albert, Others Advocate Protection of Kiriji HeritageTinubu extends vacation by daysPresident Tinubu extends working vacation by days2027: “Trust in God, Trust in Us, We Will Deliver All-Inclusive Representation” – Bernard Assures Avant Garde, Constituents2027: “Trust in God, Trust in Us, We Will Deliver All-Inclusive Representation” – Bernard Assures Avant Garde, Constituents66th Birthday: No Good Nation Mother than Senator Oluremi Tinubu – Hon. 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Wale Adeniran: The likes of you are meant to walk this side for long.JUST IN: Babachir Lawal joins NDC three months after ADC exit2027: Yari 774 Initiative for Asiwaju Representatives Meets APC State Executives, Solicits Support and Unity Among MembersAkintoye, Soyinka, Olubadan, Haastrup, Awolowo, Albert, Others Advocate Protection of Kiriji HeritageTinubu extends vacation by daysPresident Tinubu extends working vacation by days2027: “Trust in God, Trust in Us, We Will Deliver All-Inclusive Representation” – Bernard Assures Avant Garde, Constituents2027: “Trust in God, Trust in Us, We Will Deliver All-Inclusive Representation” – Bernard Assures Avant Garde, Constituents66th Birthday: No Good Nation Mother than Senator Oluremi Tinubu – Hon. OlawoyinDangote IPO: Yoruba Youths Must Pay Attention||Comrade BenedictAdetunjiAPC names Makinde “escape strategist”Bimbo Adekanmbi: The ‘Birikila’ Needed for a Globalized Economy in Oyo State By Ebenezer AyinlaOyo 2027: BSA Neighbour-to-Neighbour Initiative Flags Off Statewide Grassroots MobilisationAmbassador Ajimobi’s new role on IAEA “round peg in round hole”- OlawoyinEkiti APC Reps Candidate Slams Rep Member Ojuawo Over Sustained Campaign Of Hate, Says; “I Won’t Be Distracted”2027: Oke-Mountain Unveils Campaign VehicleAkintunde Inspects Ayegun-Oleyo Road, Gets Commendation From CommunityAseyin, Customs Reaffirm Alliance Against Smuggling in Oyo/OsunCustoms CG, Adeniyi commissions renovated girls’ school in Ife
Wed. Oct 28th, 2026

Tinubu moves to tackle power crisis, releases N3.3Trn for Sector Debt Payment Plan

 

 

By, Joy Omotosho

President Bola Tinubu has approved a N3.3 trillion payment plan to settle outstanding debts in the power sector, aimed at restoring reliable electricity supply in the country.

The debt repayment plan, part of the Presidential Power Sector Financial Reforms Programme, follows the final review of legacy debts accumulated between February 2015 and March 2025.

According to a statement by Bayo Onanuga, Special Adviser to the President (Information and Strategy), implementation has begun, with 15 power plants signing settlement agreements totalling N2.3 trillion.

The Federal Government has raised N501 billion to fund these payments, with N223 billion already disbursed.

Earlier, the Special Adviser on Energy to President Tinubu, Olu Arowolo-Verheijen, said the programme is aimed at restoring confidence in the power sector and ensuring reliable electricity supply.

The government expects improved electricity reliability, increased investment, job creation, and better service delivery as the sector stabilises.

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