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Tinubu Okays ₦3.3tn Repayment Plan To Stabilise Power Supply

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President Bola Tinubu has approved a ₦3.3 trillion payment plan aimed at settling long-standing debts in Nigeria’s power sector, in a move expected to improve electricity supply and restore investor confidence.

The development was disclosed in a statement issued on Sunday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

According to the statement, the approval followed a final review of legacy debts accumulated under the Presidential Power Sector Financial Reforms Programme over 10 years, spanning February 2015 to March 2025.

“Following verification, ₦3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution,” the statement partly read.

The government noted that implementation of the repayment plan has already commenced, with 15 power generation companies signing settlement agreements valued at ₦2.3 trillion.

It added that the Federal Government had so far raised ₦501 billion to fund the initiative, out of which ₦223 billion had already been disbursed, while further payments are ongoing.

 

‘Restoring Confidence’

“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.

She added that the plan formed part of the sector reforms, including improved metering and the introduction of service-based tariffs.

“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.

 

 

The presidency stated that the settlement of the debts was expected to enhance liquidity across the power value chain, leading to more stable electricity generation and improved service delivery.

President Tinubu also commended stakeholders for their roles in resolving the long-standing issues and confirmed that the next phase of the programme, known as Series II, will commence within the current quarter.

Nigeria’s fragile power supply has been marked by frequent grid collapses, low generation levels, and persistent outages affecting homes and businesses.

A 2024 report by Africa Trade Barometer disclosed that Nigeria loses an estimated $26 billion yearly to power failures.

It said businesses spend about $22 billion annually on off-grid fuel to offset the impact of power shortages. This further pushes operational costs.

“Economic losses arising from Nigeria’s electricity shortages are estimated to be USD 26 billion annually, without accounting for spending on fuel for off-grid generators, which is estimated to be a further USD 22 billion,” the report by Standard Bank said.

“In Nigeria, surveyed businesses must contend with a national grid that frequently collapses as it fails to meet a daily peak demand which is nearly four times its generation capacity,” it added.

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Red Cross Declares Over 1,500 People Missing In A Nigerian State

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The International Committee of the Red Cross (ICRC) says it is following up on more than 1,500 cases of missing persons in Yobe State, as families continue to live with uncertainty over the fate and whereabouts of their loved ones.

 

The Head of the ICRC Sub-Delegation in Damaturu, Syed Rashid Hassan, disclosed this on Thursday at an event organised to commemorate the 2026 International Day of the Disappeared in Damaturu.

Hassan said the figure was part of more than 17,000 missing-person cases being followed up by the ICRC in Nigeria, adding that more than half of those reported missing were children at the time of their disappearance.

He said the figures likely represented only a fraction of the total number of people reported missing across the country.

According to him, more than 513,000 people worldwide were registered as missing with the Family Links Network of the International Red Cross and Red Crescent Movement by the end of 2025.

He described missing persons as one of the most devastating and long-lasting consequences of armed conflict and other situations of violence, disasters and migration.

“The issue of missing people is one of the most devastating and long-lasting consequences of armed conflict and other situations of violence, disasters and migration,” he said.

Hassan said the consequences of disappearance went beyond the missing individuals, as families were left with emotional, economic, legal, administrative, psychological and psychosocial challenges.

He said the ICRC had adopted a holistic approach to supporting affected families, working with the Nigerian Red Cross Society, government authorities and other stakeholders.

He said the organisation was working to prevent family separation and people going missing, reunite families, clarify the fate and whereabouts of missing persons, protect the dignity of the dead and improve systems for documenting unidentified bodies.

He disclosed that the ICRC launched an accompaniment programme in Damaturu to help families cope with the psychological and psychosocial effects of the disappearance of their loved ones.

“Today, many families are still living in uncertainty, causing agony and unspeakable suffering,” Hassan said, adding that more than 50 families had so far been supported through the programme.

The ICRC official called for stronger and sustained efforts to search for missing persons and provide answers to their families.

He also called for stronger national legal and institutional frameworks, including medico-legal systems, mechanisms to determine what happened to missing persons and support systems to address the economic and legal needs of affected families.

Hassan commended the Yobe State Emergency Management Agency (SEMA), the Ministry of Justice’s Justice Sector Reform Team, the Ministry of Basic and Secondary Education through the Yobe State Universal Basic Education Board (YBSUBEB), as well as community leaders, for supporting efforts to address the plight of missing persons and their families.

He said SEMA had supported the implementation of a national mass-fatality response plan in the state, while the Justice Sector Reform Team was reviewing the coroner’s law.

He also said YBSUBEB had accepted to incorporate key messages on prevention of family separation into activities in primary schools.

Speaking on behalf of families of missing persons, the Chairman of the Families of the Missing, Ali Idris, said families continued to live between hope and uncertainty while waiting for answers about their loved ones.

Idris said the absence of answers affected their emotional wellbeing, livelihoods and family relationships, making it difficult for many to move forward.

He expressed appreciation to the ICRC for supporting families through tracing efforts, family reunification and its accompaniment programme, including mental health and psychosocial support sessions.

He also appreciated traditional, religious and community leaders, as well as government ministries and agencies, for supporting efforts to address the issue.

However, Idris appealed to authorities to open their doors to families of missing persons and provide stronger and more coordinated support.

“Our needs go beyond finding our missing loved ones. Yes, we need answers. We need continued efforts to search for and clarify the fate and whereabouts of those who are missing.

“But we also need support for the families who have been left behind,” he said.

He said families faced emotional distress, economic hardship, legal and administrative challenges and difficulties in accessing documentation following the disappearance of their loved ones.

The International Day of the Disappeared is commemorated annually on August 30 to honour missing persons and stand in solidarity with their families.

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11 Rescued As Several NYSC Members Abducted

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Several members of the National Youth Service Corps (NYSC) were abducted on Wednesday along the Aloma-Egane Expressway in Ofu Local Government Area of Kogi State, with the police confirming the rescue of 11 victims.

 

The corps members were reportedly travelling from the NYSC orientation camp in Kolokuma/Opokuma Local Government Area of Bayelsa State when armed men attacked their vehicles.

In a statement made available on Friday, spokesperson for the Kogi State Police Command, Saliu Afusat, said security operatives launched a rescue operation immediately after receiving a distress call.

According to her, the operation led to the rescue of 11 abducted victims, including the drivers of the two buses involved in the incident.

She said preliminary debriefing showed that most of the rescued victims were NYSC members travelling from Bayelsa State to Abuja.

Afusat said the incident occurred at about 4:40pm around Ogene Zaria, near the Ogene Zaria/Onicha-Igo Junction, when armed hoodlums emerged from the bush, blocked two buses travelling in opposite directions and abducted some passengers.

“Upon receipt of the distress call, the Divisional Police Officer, Ofu, led a joint security team to the scene, where two abandoned vehicles — a Peace Mass Transit white Hummer bus and a yellow 18-seater bus — were recovered,” she said.

She added that a coordinated bush-combing and rescue operation was subsequently launched, resulting in the recovery of the 11 victims.

The rescued persons were debriefed and, after necessary procedures, allowed to continue their journey, according to the police.

The command did not disclose the exact number of people abducted in the attack, while efforts to ascertain the number of NYSC members still in captivity were ongoing.

Afusat said the police and other security agencies had deployed “every available operational and intelligence resource” to locate and rescue any remaining victims and apprehend the assailants.

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2027: Courts Should Not Decide Election Winners – Falana

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Human rights lawyer, Femi Falana, on Wednesday declared that courts should not be allowed to determine the winners of elections in Nigeria.

 

Falana insisted that the involvement of the judiciary in Nigeria’s democratic process should be limited because it’s making a mockery of the citizen’s choices.

Speaking on Arise Television’s Sunrise Daily, the activist lawyer noted that there are no indications that the judiciary is positioned to address the challenges that could arise in the 2027 general elections.

According to Falana: “There is no indication yet that the Nigerian judiciary is positioned to address some of the challenges that may emanate with respect to some of the elections likely to take place in January and February next year.

“For me, the first matter to address is the role of the judiciary in the electoral process in Nigeria. We must stop the practice whereby the court determine the winners of the election in Nigeria.”

Falana insisted that the judiciary should not be allowed to hide under technicalities to make a mockery of those duly elected by Nigerians.

He stressed on the need for the Independent National Electoral Commission, INEC, and relevant stakeholders to ensure the conduct of proper elections devoid of electoral irregularities.

Falana added: “We just had an election in Osun State, forget all the shortcomings, at the end of the day, the beauty of it will be that the governorship election will not go to court because the people have decided, they have elected their leader so no court should be allowed to hide under technicalities to make a mockery of the popular choice of the people.

“So for me, the role of the judiciary must have to be extremely limited in the democratic process in our country. Again that depends on the media, INEC, and all concerned Nigerians to ensure that elections are conducted, no fake results are announced, so that you limit the area that people might want to go to tribunal, the regular court, or the appellate court. We must start with the conduct of good elections so that our courts are limited in the democratic process.”

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