Otunba

STATEHOUSE PRESS RELEASE PRESIDENT TINUBU APPROVES N3.3 TRILLION PAYMENT PLAN TO RESTORE RELIABLE ELECTRICITY President Bola Tinubu has approved the payment plan to finally settle the outstanding debts under the Presidential Power Sector Financial Reforms Programme. The debt repayment plan followed the final review of the legacy debts that have beset the power sector for more than a decade. The long-standing debts accumulated between February 2015 and March 2025. Following verification, ₦3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution. Implementation has begun, with 15 power plants signing settlement agreements totalling ₦2.3 trillion. The Federal Government has already raised ₦501 billion to fund these payments. Out of the amount, N223 billion has been disbursed, with further payments underway. What this means for Nigerians: With payments reaching the power value chain, generation will be more stable. With power plants supported, electricity reliability will improve. And as the sector stabilises, more investment, more jobs, and better service will follow. “This programme is not just about settling legacy debts. It is about restoring confidence across the power sector — ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably," explained Olu Arowolo-Verheijen, Special Adviser on Energy to President Tinubu. “It is part of a broader set of reforms already underway — including better metering and service-based tariffs that link what you pay to the quality of electricity you receive. “The government is also prioritising power supply to businesses, industries, and small enterprises — because reliable electricity is critical to creating jobs, supporting livelihoods, and growing the economy. “The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians," she added. President Tinubu has commended all stakeholders who supported efforts to resolve the legacy issues in the power sector. He has also confirmed that the next phase (Series II) will begin this quarter. Bayo Onanuga Special Adviser to the President (Information and Strategy) April 5, 2026

Hilda Baci man also showed up at her sisters introduction, it was truly a family affairs 😍

£211m founded in Jersey in accounts of Doraville Properties Corporation. Guess who is authorised signatory to that account?Atiku Bagudu, Governor of Kebbi State He is also signatory to the other accounts in the British Virgin Islands used by the Abacha family to launder funds.

Hello, Tinubu, expect more of what?!!!!

Fire Service ooh Recurrent budget go hear am Everyone is a big man

Isn't it funny he couldn't stay 10mins in Jos? But spent a whole day in Ogun State for a party.

Together with my wife, Ibijoke, I paid a visit to His Excellency President Bola Ahmed Tinubu and Her Excellency Senator Oluremi Tinubu to share the spirit of the season and extend our good wishes.

Yesterday, I spent Easter Sunday with our dear President, Bola Tinubu, and my bestie Aliko Dangote. We discussed the economy and how Nigerians can benefit from the reforms. On a day of resurrection and renewal, Mr President was still working. That kind of commitment gives you hope for Nigeria 🇳🇬 … F.Ote💲

Iran has already begun rebuilding the civilian bridge that was destroyed by an American-Israeli strike