RUSSIA LAUNCHES MASSIVE DRONE AND MISSILE BARRAGE ON UKRAINE, KILLING AT LEAST 18 CIVILIANS AND STRIKING KYIV AND MULTIPLE CITIES. (PHOTO).

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 Russia launches massive drone and missile barrage on Ukraine, killing at least 18 civilians and striking Kyiv and multiple cities  Russia carried out a large-scale overnight assault on Ukraine, launching hundreds of drones and dozens of missiles that killed at least 18 civilians and wounded more than 100 others across multiple cities, officials said Tuesday. The strikes hit Kyiv, Dnipro and other regions, with emergency crews working through destroyed residential buildings where some victims were trapped under rubble. In Dnipro, rescuers recovered the bodies of a 3-year-old child and a mother and her 8-year-old son, while officials reported 12 deaths in the city and six in Kyiv. The bombardment stretched from night into daylight, with explosions reported across wide areas of the country. Kyiv residents had been on alert for days after warnings of a major aerial attack, including advisories for foreign diplomats to leave the capital. Despite those warnings, most remained in pl...
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FG PLEDGES IMMEDIATE ACTION TO SETTLE N4 TRILLION POWER SECTOR DEBT. (PHOTO).

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 FG Pledges Immediate Action to Settle N4 Trillion Power Sector Debt


The Federal Government has vowed to urgently address the N4 trillion debt crippling Nigeria’s power generation sector, following high-stakes talks between Power Minister Adebayo Adelabu and Chairmen of Generating Companies of Nigeria (GenCos) in Abuja.


The move aims to avert an imminent collapse of the power infrastructure in the country.


According to a statement by the Special Adviser, Strategic Communications and Media Relations to the Minister of Power, Bolaji Tunji, the Minister  assured GenCos executives that the government would prioritize immediate payment of a significant amount out of the N4b debt while the balance would be defray through other debt instruments. 


The statement added that this would be proposed in a  meeting being planned between President Bola Ahmed Tinubu and GenCos’ leadership. 


He assured of the payment of the outstanding balance within six months through  financial instruments such as promissory notes adding that the government is committed to resolving this debt to stabilize the sector and prevent further crisis.


Adelabu stated that President Bola Tinubu would meet with GenCos leadership to fast-track the process.  


The Minister acknowledged the government’s role in the sector’s struggles, pledging to not only clear the debt but also implement reforms to ease operational bottlenecks just as he emphasized the need for full liberalization of the power sector.

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