The Managing Director of the Niger Delta Power Holding Company, Jennifer Adighije, has praised President Bola Tinubu for his administration’s commitment to revitalising Nigeria’s power sector, following the recent approval of a ₦4 trillion bond to settle legacy debts owed to power generation companies.
She recalled that in July 2025, President Tinubu met with the chief executives of all power generation companies, urging patience from GenCos and financial institutions. The President had also revealed that government agencies were working with audit and legal firms to verify the ₦4 trillion debt claims.
The Minister of Power, Adebayo Adelabu, said on Monday that President Bola Tinubu had approved a bond to offset the outstanding debts.
In her speech at this year’s NAEC Conference in Lagos, Adighije described the president’s approval as a landmark move that would significantly help restore the financial stability of the power sector.
“With the funds available, we at NDPHC, given our unique mandate as the government’s intervention entity in the power sector, plan to deploy a significant portion of these recovered funds toward converting our power plants from open-cycle to combined-cycle operations.
“This will not only enhance efficiency but also diversify our generation mix, aligning with Nigeria’s energy transition plan,” she said.
Adighije further noted that the power sector is undergoing a significant transition, with a shift toward bilateral trading and the adoption of a cost-reflective tariff regime.
“What this means for us is that we are beginning to see increased liquidity within the sector, which in turn is making it more bankable and attractive for investment.
“For us in the power generation space, we understand that cash flow drives efficiency and sustainability. Improved liquidity ensures that generation companies are better positioned to reinvest in the power sector,” Adighije noted.
She reaffirmed NDPHC’s commitment to supporting ongoing power sector reforms and urged continued collaboration among stakeholders to achieve energy security and drive economic growth.
