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.

Comments

Post a Comment

TRENDING ON RWGBLOG NEWS

" I DON'T THINK THERE'S ANY MAN ON THE SURFACE OF THIS EARTH THAT CAN DO ONE-TENTH OF WHAT LESI MAOL IS DOING IN OGONILAND." - NWISABARI BANI

Image
The Chairman of the National Youth Council of Nigeria, Comrade Nwisabari Bani, has responded to a series of allegations made by Gani Topba, particularly Topba’s description of the Ogoni stakeholders’ meeting hosted by KAGOTE as an illegal gathering. Bani, while reacting to the allegations, accused Gani Topba of being known in Ogoniland for consistently attacking leaders and portraying virtually every Ogoni leader in a negative light. According to him, Topba has no basis for describing the stakeholders’ meeting as illegal, noting that the gathering was attended by prominent leaders across Ogoniland, including political leaders, traditional rulers and opinion leaders. Bani stressed that the absence of Gani Topba from the meeting or the fact that he was not invited does not make the gathering illegal. “If Gani Topba was not invited to the Ogoni stakeholders’ meeting hosted by KAGOTE, that does not make the meeting illegal,” he said. He also urged Gani Topba to stop referring t...
Continue Reading »

ALETO COMMUNITY RENEWS CALL FOR ACCOUNTABILITY FROM ELEME LAWMAKER, HON. AFORJI IGWE OBEY

Image
The Aleto community in Eleme Local Government Area of Rivers State has renewed its call for transparency, accountability and justice over funds allegedly allocated to landowners and host communities connected to Indorama Eleme Petrochemicals, Fertiliser and Super-Packaging companies. Aleto is one of the six host communities to Indorama Eleme. The community says it donated about 159 hectares of land out of approximately 369 hectares used for the development of the company, with the land forming part of the equity arrangement involving the host communities. According to members of the community, families that surrendered their farmlands for the project have, since 2012, continued to demand a clear account of funds and benefits allegedly meant for landowners and other beneficiaries. The renewed call follows a series of protests, letters and appeals by concerned residents, who allege that billions of naira credited to landowners and beneficiaries have not been transparently acc...
Continue Reading »

BREAKING NEWS: RIVERS COUNCILLOR'S OFFICIAL VEHICLE BURNT TO ASHES IN MYSTERIOUS ACCIDENT

Image
Tragedy struck in Akuku-Toru as the official vehicle of the Councillor representing Ward 14, Hon. Chidinma Ekere of Obonoma, was reportedly burnt to ashes under mysterious circumstances. The vehicle, which was presented to the councillor by the Council Chairman just over two weeks ago, was allegedly destroyed between Sunday night, following her birthday thanksgiving celebration, and the early hours of Monday, when the wreckage was discovered. An anonymous source familiar with the situation alleged that the councillor had an issue with her boyfriend on Sunday night, shortly before the incident. However, the claim has not been independently verified, and it remains unclear whether the reported disagreement is connected to the burning of the vehicle. As of the time of filing this report, the motive behind the incident and the identity of those responsible remain unknown. Authorities have yet to publicly establish the circumstances surrounding the incident. ...
Continue Reading »

"SOMEONE LIKE LESI MAOL, WHO ALLEGEDLY DECEIVED A YOUNG KHANA GIRL, IMPREGNATED HER AND ABANDONED HER, AND YOU SAY SUCH PERSON HAS CHARACTER?" - GANI TOPBA ALLEGES

Image
The President of Kagote, Chief Lesi Maol, has come under fresh criticism following his recent remarks at an Ogoni stakeholders’ meeting convened to address concerns surrounding the proliferation of youth groups in Ogoniland. Some Ogoni youth leaders have rejected the position attributed to the Kagote president, arguing that every Ogoni youth has the constitutional right to freedom of association. They maintained that the existence of multiple youth organisations should not be viewed as an obstacle to the development of Ogoniland, provided such groups operate within the law. One of the vocal critics of Chief Lesi Maol, Gani Topba, has also reacted to the comments, accusing the Kagote president of making derogatory remarks about Ogoni youths by allegedly describing them as hungry and calling for the disbandment of youth organisations. «“Lesi Maol, who is a major bunker in Ogoniland, insults Ogoni youths by calling them hungry.” — Gani Topba alleged.» Topba further argued that...
Continue Reading »

OGONI YOUTH GROUPS DEMAND MEANINGFUL ROLE IN OIL RESUMPTION TALKS, CALL FOR UNITY

Image
The Ogoni Oil and Gas Host Communities Youths Association, in collaboration with the Ogoni National Youth Congress (ONYC), has called for greater unity among Ogoni youths and their meaningful participation in discussions concerning the possible resumption of oil and gas activities in Ogoniland. The groups made the call in a joint statement on youth unity, collaboration, peacebuilding and participation in oil and gas discussions, stressing that Ogoni youths must not remain spectators in decisions capable of affecting the future of their communities. The statement said the initiative was aimed at promoting dialogue, understanding, unity, peace and collective action among Ogoni youths and other stakeholders. The groups urged Ogoni youths to put the collective interest of the region above individual, political and organisational interests. They noted that differences in political affiliations, communities, opinions and personal interests should not become sources of division, b...
Continue Reading »

HOW A GOAT I BOUGHT AT AGE 12 PAID MY TUITION FROM SECONDARY SCHOOL TO 200 LEVEL IN UNIVERSITY - DINO MELAYE EXPLAINS

Image
Former Kogi West senator Dino Melaye has opened up on his wealth, rejecting claims that his lifestyle was funded by public office. Speaking on the KaaTruths podcast, Melaye said he was “comfortable” rather than extremely wealthy and attributed his finances to investments. He said, “If my wealth were ill-gotten, if I had stolen government money, I would not be criticising the government, because they would have long come after me. I’ve never been invited by the EFCC, the ICPC, or any of the anti-corruption agencies in this country, because I’ve never handled government contracts, whether at the federal or state level. When I was 12, I bought a goat, and this goat would give birth, and I would sell its offspring to pay my school fees in secondary school. From the offspring of that goat, I paid for my WAEC, JAMB, and my first and second years at Ahmadu Bello University. My school fees were paid through that investment. At 18, I was already investing internationally, though not...
Continue Reading »

BREAKING NEWS: CHRIST EMBASSY UNVEILS 'OF GOD' ELECTRIC CARS AS PASTOR CHRIS UNVEILS TSION BRAND

Image
Christ Embassy has taken its innovation and economic development drive into the automotive space with the unveiling of a new range of electric vehicles under the Tsion brand. The vehicles were unveiled by the church’s founder and president, Pastor Chris Oyakhilome, during The New Economy Unveiling 2026, an initiative focused on innovation, entrepreneurship and economic development. Videos from the event circulating online showed Oyakhilome presenting several vehicle models, including the Tsion Passion, Tsion Falcon, Vision Series, Vision Coupe and OG Series. During the presentation, the cleric indicated that development and refinement of some aspects of the vehicles were still ongoing, including adjustments to the steering-wheel design. He also explained that the initials “OG” represent “Of God,” adding an unusual faith-based identity to the vehicle lineup. The unveiling has attracted significant attention online, with the initiative generating reactions over Christ Embassy...
Continue Reading »

COMMUNITY YOUTH RAID SEVERAL SHRINES, VOW TO END ALLEGED RITUAL ACTIVITIES

Image
Youths in Onne community in Eleme LGA, Rivers State, reportedly raided several shrines in the community on Monday in an effort to put an end to what they described as alleged demonic and ritual activities. The youths reportedly visited the shrine of a woman identified as Ezewanyi, who they accused of practising traditional rituals for years, along with other suspected shrines in the area. The action, according to the youths, was aimed at ensuring that shrines allegedly associated with harmful or occult practices no longer operate within Onne.
Continue Reading »

WHY I GAVE UP MY DREAM OF AN EXTRAVAGANT WEDDING AND MARRIED CRISTIANO RONALDO IN OUR LIVING ROOM - GEORGIA RODRIGUEZ

Image
Georgina Rodriguez has revealed why she and football superstar Cristiano Ronaldo opted for a private wedding at home instead of the lavish ceremony many expected.  The couple announced their marriage in a joint Instagram post on Tuesday, August 11, after exchanging vows in the living room of their mansion in Cascais, Portugal.  Speaking to Vogue, Rodriguez said her idea of a dream wedding had changed over the years. She recalled how, as a child, she imagined an extravagant celebration but now prefers something more personal and meaningful.  “As a little girl, I envisioned the grandest castle, the most magnificent carriage, the longest gown and a crown adorned with diamonds,” she said.  “Now, I find myself saying: no. I desire something intimate, shared with my partner and our children, in the comfort of our home.  “We have access to castles, houses, islands, horses, and cars every day. However, an intimate gathering is something more unique for us,” ...
Continue Reading »

23-YR-OLD NIGERIAN LAW SCHOOL STUDENT ENDS IT ALL FROM 4-STOREY HOSTEL ON LAGOS CAMPUS

Image
The Lagos State Police Command has confirmed the de@th of 23-year-old Faith Ajoke Alayande, a student of the Nigerian Law School, Lagos Campus, Victoria Island. Alayande was reportedly found de@d within the hostel premises on Friday, August 7, 2026, after she allegedly jumped from the rooftop of a four-storey hostel building. According to the police, a s¥ic+de note was reportedly discovered by her hostel mate and a relative, who began searching for her before she was allegedly found after the incident. The matter was reported to the Victoria Island Police Division by the hostel’s Chief Matron at about 6:30 a.m. Police officers subsequently visited the scene and evacuated Alayande’s body to a morgue for preservation. The command’s spokesperson, Abimbola Adebisi, confirmed the incident and said investigations were ongoing to establish the circumstances surrounding the student’s de@th. Meanwhile, Uchenna Marvin, who said he supervised Alayande during her university years, desc...
Continue Reading »