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Hope For Nigerians As Tinubu Approves ₦3.3tn To Fix Electricity Crisis

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President Bola Ahmed Tinubu has approved a ₦3.3 trillion payment plan aimed at addressing Nigeria’s long-standing electricity challenges, raising fresh hopes for improved power supply across the country.

The approval, announced by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, is part of the Presidential Power Sector Financial Reforms Programme designed to settle outstanding debts owed to stakeholders in the electricity value chain.

According to the presidency, the debts—accumulated between 2015 and 2025—have been a major obstacle to efficient power generation and distribution.

SEE ALSO: Asiwaju @74 – Adeleke Lauds Tinubu as One-for-All

After a comprehensive review and verification process, the government pegged ₦3.3 trillion as the final settlement figure.

The statement revealed that implementation of the plan is already underway, with 15 power generation companies signing agreements valued at ₦2.3 trillion.

So far, the Federal Government has raised ₦501 billion to fund the initiative, with ₦223 billion already disbursed, while additional payments are ongoing.

Nigeria has struggled with persistent electricity shortages for years, with frequent national grid collapses leaving millions of homes and businesses in darkness.

As a result, many Nigerians rely heavily on petrol and diesel generators, significantly increasing the cost of living and doing business.

Officials say the intervention will improve liquidity within the power sector, ensure prompt payment to gas suppliers, and enable generation companies to operate more efficiently.

Special Adviser on Energy to the President, Olu Arowolo-Verheijen, noted that the initiative goes beyond debt repayment, describing it as a critical step toward restoring confidence in the sector and ensuring more reliable electricity supply.

She added that the government is also pursuing broader reforms, including improved metering and service-based tariffs tied to power supply quality, while prioritising electricity for industries and small businesses to drive economic growth.

However, the move has drawn criticism from the Nigeria Labour Congress, which previously opposed large-scale financial interventions in the sector.

The union, led by Joe Ajaero, argued that such bailouts may not translate into improved electricity supply, citing concerns over the performance of the privatised power companies.

Despite the concerns, the Federal Government insists the programme will mark a turning point in Nigeria’s power sector, with the next phase of the reform expected to commence later this year.

The administration expressed optimism that the initiative will ultimately deliver more stable electricity to homes and businesses, easing economic pressures and improving living conditions for Nigerians.

NEWS

“We Are Raising Fraudsters” — Obi Reacts to EFCC’s Explosive Student Cybercrime Report

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Former presidential candidate of the Labour Party, Peter Obi, has reacted strongly to a recent report by the Economic and Financial Crimes Commission (EFCC) alleging that a significant number of Nigerian university students are involved in internet fraud.

The EFCC had reportedly warned that cybercrime is becoming increasingly common among undergraduates, a development it described as a growing national concern requiring urgent attention from authorities, parents, and educational institutions.

SEE ALSO: Political Earthquake Brewing? Peter Obi, Bala Mohammed in Closed-Door Talks

Reacting to the claim, Obi described the situation as deeply troubling, warning that Nigeria may be “raising a generation of fraudsters” if the trend is not urgently addressed.

According to him, if even a large fraction of the allegation is true, it signals not just a crime problem but a broader collapse of values and moral discipline in the country.

He stressed that young people do not operate in isolation, arguing that society, leadership, and institutions all play a role in shaping behaviour. Obi noted that when dishonesty appears to thrive without consequences, it sends the wrong message to the youth.

The former Anambra State governor also called for urgent reforms in governance, education, and value reorientation, insisting that integrity must be restored at all levels of society.

He added that the focus should not only be on condemning young people but on addressing the systems that influence their choices and actions.

Obi further urged leaders to set better examples, warning that a society cannot expect honesty from its youth if accountability is weak at the top.

The EFCC has continued to express concern over rising cybercrime cases in tertiary institutions, describing the trend as a threat to national development and security.

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NEWS

Police Rescue Five Abducted Students in Ogun After Gun Battle

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Man Arrested For Burglary In Ogun Churches

Operatives of the Nigeria Police Force have successfully rescued five students of Gateway Polytechnic, Saapade, following their abduction by gunmen in Ogun State.

The students were reportedly kidnapped late Monday night in the Sapade area of Remo North Local Government Area, triggering a swift response from security operatives after a distress call was received around 10:55 p.m. at the Ipara Police Division.

Upon arrival at the scene, officers discovered an ash-coloured Toyota vehicle riddled with bullet holes and stained with blood. Several mobile phones and personal belongings were also recovered from the abandoned car.

SEE MORE: Horror in Kogi: Gunmen Abduct 24 Pupils in Orphanage Raid, 15 Rescued

Confirming the incident, the Police Public Relations Officer in the state, Oluseyi Babaseyi, said an identity card found at the scene linked the victims to Gateway Polytechnic, prompting an immediate escalation and a full-scale rescue operation.

The Commissioner of Police, Bode Ojajuni, subsequently ordered the deployment of tactical units in what he described as an intelligence-driven mission to secure the students’ release.

Security teams drawn from the Isara Area Command, Ipara Division, SWAT, Anti-Kidnapping Unit, Violent Crime Response Unit, Quick Response Squad, and Operation MESA were mobilised for coordinated bush-combing and tracking operations across suspected escape routes.

The sustained pressure paid off on April 28, when the students were rescued unhurt from their captors.

According to the police, the kidnappers engaged operatives in a gun duel during the rescue effort but were overpowered by superior firepower, forcing them to flee with suspected gunshot wounds. No casualties were recorded among security personnel.

“The victims were immediately evacuated, debriefed, and taken for medical attention due to the conditions they endured while in captivity,” Babaseyi added.

Commending the operatives, Ojajuni praised their gallantry and professionalism, noting that their swift coordination was instrumental to the success of the mission.

He assured residents that efforts are ongoing to apprehend the fleeing suspects, with intensified bush-combing operations already underway.

The police also urged members of the public to remain vigilant and report suspicious movements, emphasizing that community cooperation remains critical in the fight against crime.

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International News

Fresh Violence Rocks Mali as France Orders Citizens to Evacuate

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The government of France has issued an urgent directive to its citizens in Mali, advising them to leave the country immediately following a fresh wave of violent attacks.

In a travel advisory released on Wednesday, the French foreign ministry described the security situation in Mali as “extremely volatile,” citing recent assaults carried out by jihadist groups and Tuareg separatist fighters over the weekend.

ALSO READ: Mali’s Junta Leader Assimi Goita Grants Himself Unlimited Presidential Mandate

According to the statement, all travel to Mali remains strongly discouraged regardless of purpose, as authorities warned that the risk to foreign nationals has significantly increased.

“French nationals are advised to make arrangements to leave Mali temporarily as soon as possible on the commercial flights that are still available,” the ministry said.

The advisory comes amid renewed concerns over instability in the Sahel region, where armed groups have continued to intensify their operations despite years of military interventions.

President Emmanuel Macron has repeatedly expressed concern over the deteriorating security climate in Mali, particularly following the withdrawal of foreign forces and the growing influence of insurgent factions.

Mali has been grappling with insecurity since 2012, as jihadist insurgency, separatist tensions, and political unrest continue to undermine stability in the country.

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