N3.3tn power plan sparks debate as Peter Obi, Nigerians question repeated approvals

A caller support of N3.3 trillion to code longstanding issues successful Nigeria’s powerfulness assemblage has sparked caller reactions, with erstwhile Labour Party statesmanlike candidate, Peter Obi, and different Nigerians questioning what appears to beryllium a signifier of repeated announcements without wide results.

The latest improvement was disclosed successful a connection shared connected April 5 2026, by Bayo Onanuga, Special Adviser connected Information and Strategy to President Bola Tinubu.

According to the statement, the support is portion of a outgo program nether the Presidential Power Sector Financial Reforms Programme aimed astatine clearing bequest debts accumulated betwixt 2015 and 2025.

The Federal Government said N3.3 trillion had been agreed upon arsenic a afloat and last settlement, with astir N2.3 trillion already tied to agreements signed by 15 powerfulness procreation companies.

It added that N501 cardinal had been raised truthful far, with N223 cardinal already disbursed, expressing optimism that the involution would stabilise energy procreation and amended proviso crossed the country.

“This programme is not conscionable astir settling bequest debts, it is astir restoring assurance crossed the powerfulness sector,” Olu Arowolo Verheijen, Special Adviser to the Preside...