Power sector: Not yet Uhuru

On April 5, 2026, Special Adviser on Information, Bayo Onanuga, announced that President Bola Ahmed Tinubu approved a payment plan to settle a N3.3 trillion debt in the power sector. However, data indicates that the total debt owed to power generation companies stands at N6.8 trillion, with the last reconciliation between the government and stakeholders agreeing on N4 trillion. Minister of Energy, Olu Arowolo-Verheijen, stated that the program aims to restore confidence in the sector, but concerns remain regarding the transparency of the payment process.