PRESIDENT TINUBU APPROVES N3.3 TRILLION PAYMENT PLAN TO RESTORE RELIABLE ELECTRICITY. (PHOTO). #PRESS RELEASE

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 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 ...
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MINISTER OF AGRIC RULES OUT FAMINE IN NIGERIA.{PHOTO}.

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Image may contain: one or more people and sunglasses                       Minister of Agriculture and Rural Development,Chief Audu Ogbeh has again ruled out the issue of famine in Nigeria,as being speculated in some quarters.''There may be tough times,in view of activities of Boko Haram and other crises in other parts of the country,as people can't farm.There may be food shortages and high prices,but Government is doing its best to ensure that there is no famine in Nigeria'',the Minister stated.
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