ALO360

National grid

Eight Nigeria’s power generation companies have signed onto Tinubu’s N3.3 trillion debt settlement

Eight of Nigeria’s biggest power generation companies have signed onto President Bola Ahmed Tinubu’s ₦3.3 trillion debt settlement plan. Marking a major step toward stabilising the country’s struggling electricity sector. Major Power Firms Back Debt Settlement Plan Leading operators, including Transcorp Power, Egbin Power, and Geregu Power Plc, are among the generation companies (GenCos) backing…

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Bolaji Abdullahi

‘INEC behaving like criminal organisation’ — ADC spokesman

Bolaji Abdullahi, spokesperson of the African Democratic Congress (ADC), has accused the Independent National Electoral Commission (INEC) of acting in a partisan manner, describing the commission as “a criminal organisation”. Abdullahi made the remark during an interview with News Central while reacting to INEC’s decision on the leadership crisis within the party. He said the…

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Tinubu commissions Ogun mega projects, signals new economic growth phase

President Bola Ahmed Tinubu has commissioned key infrastructure projects in Ogun State, marking what officials describe as a major step toward Nigeria’s shift to investment-driven economic growth. Gateway Airport Takes Centre Stage At the heart of the commissioning is the Gateway International Agro-Cargo Airport, a flagship project expected to transform logistics and boost exports. The…

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GenCos Challenge Tinubu’s ₦3.3tn Power Debt Figure

Power generation companies in Nigeria have raised fresh concerns over the Federal Government’s ₦3.3 trillion electricity sector debt, asking President Bola Ahmed Tinubu to clarify how the figure was calculated. Industry Questions Debt Calculation The concerns were voiced by operators under the Association of Power Generation Companies (GenCos), who say the reported debt figure does…

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