Tag: Power Supply

Tinubu appoints Olusi as new BoI boss
Electricity featured

Tinubu approves ₦3.3trn power debt to restore stable electricity

President Bola Tinubu has approved the payment plan to finally settle the outstanding debts under the Presidential Power Sector Financial Reforms Programme. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a press statement on Sunday. He stated that the debt repayment plan followed the final review of the […]

Electricity

Power crisis deepens as FG pays only 4% of ₦1.928trn subsidy

The Federal Government’s inability to meet its financial obligations to power generation companies has deepened the crisis in the already struggling electricity sector, with fresh data showing it paid only N76.95 billion (about four per cent) of the N1.928 trillion subsidy required in 2025. Although the government budgeted N958 billion for electricity subsidies in 2025, […]

FG targets 6500 megawatts power generation in six months
Electricity

FG issues ₦501bn bond to tackle power sector liquidity crisis

The Federal Government’s N501.02 billion bond issuance has been described as a major milestone in Nigeria’s power sector reform agenda aimed at addressing longstanding liquidity challenges. Mr Bolaji Tunji, Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Mr Adebayo Adelabu, said this in a statement on Monday in Abuja. Tunji […]

Electricity

We’re ready to pay high tariff for stable power — FCT residents

Electricity consumers in the Federal Capital Territory say they are willing to pay high tariff for improved and sustainable power supply. According to The News Agency of Nigeria, Consumers who reside in Kuje, Kubwa, Gwagwalada, Lugbe, and Nyanyan spoke in separate interviews with journalists in Abuja on Sunday. Monday Oriafo, a civil servant resident in […]