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President Bola Ahmed Tinubu has approved a ₦3.3 trillion payment plan aimed at settling long-standing debts in Nigeria’s power sector and improving electricity supply nationwide. The intervention addresses liabilities accumulated between 2015 and 2025 under the Presidential Power Sector Financial Reforms Programme, which has struggled with funding gaps and unpaid obligations for years. 
According to the Presidency, the amount represents a full and final settlement after a comprehensive verification of debts across the electricity value chain. Implementation has already begun, with 15 power generation companies signing agreements worth about ₦2.3 trillion, while the government has raised over ₦500 billion, part of which has already been disbursed. 
Officials say the move will stabilise power generation, ensure gas suppliers are paid, and improve overall electricity reliability for homes and businesses. The plan is also expected to restore investor confidence in the sector, reduce frequent outages, and support economic growth, as Nigeria continues broader reforms including better metering and service-based tariffs
