₦airaland Forum

President Bola Tinubu has approved a ₦3.3 trillion payment plan aimed at resolving long-standing debts in Nigeria’s power sector and boosting the reliability of electricity supply.

The plan addresses legacy debts accumulated between February 2015 and March 2025 under the Presidential Power Sector Financial Reforms Programme.

Following a comprehensive review, the government agreed on ₦3.3 trillion as a full and final settlement, ensuring transparency and fairness.

A statement issued on Sunday by the special adviser to the president on information and strategy, Bayo Onanuga, stated that implementation of the repayment plan has already begun, with fifteen power plants already signed settlement agreements totalling ₦2.3 trillion.

The statement read, “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.”

Commenting on the development, the Special Adviser on Energy to the President, Olu Arowolo-Verheijen, explained that the settlement would improve electricity reliability by stabilising the power value chain.

“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,” she said.

The adviser added that the reforms are part of broader initiatives, including better metering and service-based tariffs that link consumer payments to the quality of electricity received.

Priority will also be given to supplying electricity to businesses, industries, and small enterprises to support job creation and economic growth.

“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians,” Arowolo-Verheijen said.


President Tinubu commended all stakeholders involved in resolving the legacy issues and confirmed that the next phase of the reforms, Series II, will commence this quarter.

Source: https://punchng.com/tinubu-okays-n3-3tn-to-clear-power-sector-debts-improve-electricity

Nothing would still change. No be Naija again? 3.3 trillion for more darkness.

Thundafireseun:
See cash out

If you can’t beat them you join them

And if you refuse to join them they will de-recognize you and your party.

We yaf hear for now

Good news!

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“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.”
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2015 - 2025! wow that’s 10yrs accumulated debt! Na wa o

Bluntguy:
Nothing would still change. No be Naija again? 3.3 trillion for more darkness.

From my location as I speak theres been improvement for about 3 weeks now.

Lithiumite:
From my location as I speak theres been improvement for about 3 weeks now.

3 weeks in a year and you call that improvement?

Bluntguy:
3 weeks in a year and you call that improvement?

Considering the way you lot were wailing about the parlours electricity delivery which was common place about a month ago,I feel one needs to be responsible enough to acknowledge any improvement noticed, it will be quite irresponsible not to.

I pay for band A electricity but na band Z supply i dey get presently.

After clearing the debts, what's the way forward to endure that these debts do not pile up again?

Bluntguy:
Nothing would still change. No be Naija again? 3.3 trillion for more darkness.

Things have being changing, power stability has improved in my area compared to weeks ago . We knew the situation was about gas, but gas is being restored now .

Ai generated article. 3.3t is alot of money.

Part of the money where go follow back door enter campaign budget....all na wash jare! Na so Adelabu milk the power treasury with repeated power grid failure while he was busy behind the scene trying to get APC state Exco of Oyo to endorse him for Governorship candidates, that same part of money still touch Primate Ayodele hand for prophecies which never see the light of the day!

We pray the money goes where its supposed to go!

Obidient will say "let them create a website like UPS/DHL where we call all track the money like police or village people".

Nice one JAGABAN of Africa

Lithiumite:
Considering the way you lot were wailing about the parlours electricity delivery which was common place about a month ago,I feel one needs to be responsible enough to acknowledge any improvement noticed, it will be quite irresponsible not to.

So it is only in you lots' parlours that electricity have been delivered about a month ago ehn kwa? Kontinuu. If grammar no kee you you go kee grammar.

We pray for a steady power supply.

Lithiumite:
Considering the way you lot were wailing about the parlours electricity delivery which was common place about a month ago,I feel one needs to be responsible enough to acknowledge any improvement noticed, it will be quite irresponsible not to.

God bless you bro, same improvement in my area too.

wman:
After clearing the debts, what's the way forward to endure that these debts do not pile up again?

Reduce the size of government.
Create efficiency in government circles.
For example you drive around their facilities and discover lights are on at night and presumably overnight when the rest of us shut down everything when we close and over the holidays.

This mentality that government facilities belong to no one and should be used and treated anyhow is ruinous to the country.

How can a state liaison office in Abuja be owing almost 2 billion in power bills. Must be that either someone is stealing the money meant to settle the bills, or that facility is being used for business or industrial purposes unlawfully or just sheer irresponsibility.

Government should reform and feel the effects of its own evonomic policies as well.

AntiChristian:
We pray the money goes where its supposed to go!

Obidient will say "let them create a website like UPS/DHL where we call all track the money like police or village people".

'Pray' that the right thing be done is not citizenship. That is feudal thinking. It is a thought process germinating out of fear and hopelessness.

Citizens should DEMAND what they want to see and be vigilant about it. Because in this case, the money to be paid belongs to them. The government is merely acting on their behalf. Taking from their own accounts. That is the right mentality to have.

No type of leadership anywhere in this world will do what is right always without a constant threat of negative consequences called democracy in action.

Watch the country go from darkness to gross darkness 🤭

This money too loud wey we no go see development o

adenigga:
Source: https://punchng.com/tinubu-okays-n3-3tn-to-clear-power-sector-debts-improve-electricity

This man is really a disaster......

If this is true.....
👏👏👏👏👏👏👏👏👏👏

At least the light situation has improved in my area.....

OgwuEgo:
I pay for band A electricity but na band Z supply i dey get presently.

I pay N227.27 per 1 kilowatt-hour (kWh) 😢. Electricity is 24/7 but it's draining me financially 😓

Lithiumite:
Considering the way you lot were wailing about the parlours electricity delivery which was common place about a month ago,I feel one needs to be responsible enough to acknowledge any improvement noticed, it will be quite irresponsible not to.

Only that 2 weeks of somehow stable electricity is NOT improvement! S it can not and should not be recognized. When it stays like that for 9 months then you can talk.

And your area is not enough sample size to show improvement in the whole of Nigeria.

Onigbese has paid part of his debt.

Commendable but aren't we regurgitating and remasticating news article for want of achievements? This approval was given as far back as 2024.

Dbegining:
Only that 2 weeks of somehow stable electricity is NOT improvement! S it can not and should not be recognized. When it stays like that for 9 months then you can talk.

And your area is not enough sample size to show improvement in the whole of Nigeria.

I haven't given any pass mark in anyway, I only acknowledged there has been an improvement.