Civil Society Applauds Tinubu’s ₦3.3tn Power Sector Debt Clearance

Hope Alive Initiatives (HAI), a pro-good governance group, has commended President Bola Ahmed Tinubu for approving a ₦3.3 trillion payment to settle gas debts owed to electricity generation companies. The payment forms part of the presidential power sector financial reforms programme. It aims to stabilise the national grid, improve electricity supply from GenCos to distribution firms and benefit households and businesses. In an Abuja statement, HAI said the move demonstrates strong leadership and the administration’s commitment to reviving the power sector. They noted that clearing this debt will restore investor confidence, attract fresh funding and enhance service delivery across Nigeria.

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