Tinubu Greenlights $2,390 Bln of Debt Repayment for Reliable Electricity Across Nigeria
00:36 07.04.2026 (Updated: 00:44 07.04.2026)
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Tinubu Greenlights $2,390 Bln of Debt Repayment for Reliable Electricity Across Nigeria
As reliable electricity is vital for jobs, livelihoods, and growth, President Tinubu's administration is prioritizing power supply to businesses and small enterprises, according to Olu Arowolo-Verheijen, Special Adviser on Energy to the President.
The Presidential Power Sector Financial Reforms Programme "is not just about settling legacy debts. It is about restoring confidence across the power sector — ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably,” Olu Arowolo-Verheijen, Special Adviser on Energy to President Tinubu explained.
Ongoing reforms — including better metering and service-based tariffs tied to electricity quality — complement this effort.
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