Sugarcandiandaddy

Let us reflect, sincerely and without sentiment. In the past few days, the President has reportedly approved ₦3.3 trillion as a “full and final” payment for debts in the power sector. Yet, this is not the first time such approvals have been made. On May 17, 2024, ₦3.3 trillion was approved for the same purpose. On July 25, 2024, another ₦4 trillion bond was approved to settle similar debts. There have also been other approvals in between, all targeted at addressing the same power sector liabilities. This raises a fundamental question: were the previous approvals mere announcements without execution? ₦3.3 Trillion Again? Nigeria’s Power Crisis Without End During the 2023 campaign, President Bola Ahmed Tinubu made a clear promise: that if he failed to deliver stable electricity, Nigerians should not re-elect him. Today, the reality is that power supply has worsened, to the extent that there are even discussions about disconnecting the Presidential Villa from the national grid. Each time legitimate concerns are raised, what we see appears more like policy pronouncements than measurable progress. Now, again, we are confronted with another ₦3.3 trillion approval to settle power sector debts. These debts were largely accumulated under successive administrations of the All Progressives Congress between 2015 and 2025. This raises serious concerns about accountability, transparency, and effectiveness in public financial management. It is important to note that government institutions and agencies, including the Presidential Villa owe a significant portion of these debts. Year after year, budgets were made and funds appropriated. Why then were these obligations not settled when due? And from what source will this new payment be made? Are we resorting once more to borrowing to service inefficiencies? Key questions remain unanswered: How did the debt accrue? What is the actual total debt in the power sector? Which components of the debts are due to operators’ inefficiency and should be borne by them? Why have previous approvals not translated into tangible improvements? Who are the real beneficiaries of these repeated payments? Is the ₦3.3 trillion approved on April 6, 2026, the same as the ₦3.3 trillion approved in May 2024, and how does it relate to the ₦4 trillion bond approved in July 2024? Nigeria must move beyond recycled announcements and confront the power sector crisis with sincerity, transparency, and decisive reforms. Until we do so, we will remain trapped in a cycle of debt and darkness. But with discipline, accountability, and the right leadership, a new Nigeria is still possible. -PO

Leadership Tussle: Nafiu Bala Resigns As ADC Chairman By Funke Ogunlolu The 2023 Gombe governorship candidate and former national deputy chairman of the African democratic congress. Nafiu Bala has tendered his letter of resignation after declaring himself as the interim national chairman of the party. In the letter Addressed to the former national chairman of the party, Ralph Nwosu, Bala stated that his resignation was to pave way for smooth and effective coalition as well as restructuring the party. Bala assured that he is not abandoning the party and ready to serve in any capacity but the former Gombe governorship candidate was silenced on the David Mark-led interim leadership. The announcement came after the official handing over of ADC to the former Senate President and his team by the former national executive committee on Wednesday. During his declaration as the national chairman, Bala had accused Mark-led interim leadership of the ADC of hijacking the party through unconstitutional means and warned of impending legal action to challenge what he described as a “total surrender” of the party’s structure to external political actors. The former deputy national chairman emphasized that the party’s constitution clearly outlines the processes for leadership succession and that, in line with those provisions, he was now assuming the position of interim national chairman. (Editor: Paul Akhagbemhe)

America created Boko Haram in Nigeria and continues to fund banditry in the northern part of the country, which has killed thousands of people. Today, they pretend to be fighting it. Biggest sponsors of terrorism in the world