By| Goodluck E.Adubazi | Abuja
Nigerians may soon experience relief from persistent power outages following a major intervention by President , who has approved a ₦3.3 trillion payment plan aimed at restoring stability to the nation’s troubled electricity sector and the four-year stoppage of epileptic power supply promise during his campaign in 2023.
The announcement was made in a statement released on Sunday by , Special Adviser to the President on Information and Strategy. He described the development as a renewed hope for millions of Nigerians who have endured years of unreliable electricity supply.
According to the statement, the payment plan is designed to settle long-standing debts under the Presidential Power Sector Financial Reforms Programme. The debts, which accumulated between February 2015 and March 2025, have significantly hindered the performance of the power sector for over a decade.
After a comprehensive verification process, the Federal Government agreed on ₦3.3 trillion as a full and final settlement, signaling what officials describe as a transparent and decisive resolution to the crisis.
Implementation of the plan is already underway. So far, 15 power generation companies have signed settlement agreements totaling ₦2.3 trillion. The government has raised ₦501 billion to support the initiative, with ₦223 billion already disbursed and additional payments in progress.
Energy experts say the move could mark a turning point. With improved funding across the power value chain, electricity generation is expected to stabilize, potentially leading to more reliable supply for households and businesses.
, Special Adviser on Energy to the President, emphasized that the programme goes beyond debt repayment.
“This initiative is about restoring confidence in the power sector,” she said. “It ensures that gas suppliers are paid, power plants remain operational, and the entire system functions more efficiently.”
She added that the reforms are part of a broader strategy that includes improved metering systems and service-based tariffs, which aim to align electricity costs with the quality of service delivered.
The government is also prioritizing electricity supply to industries, businesses, and small enterprises, recognizing reliable power as a key driver of economic growth, job creation, and improved livelihoods.
President Tinubu commended stakeholders involved in resolving the sector’s longstanding challenges and confirmed that the next phase of the programme, known as Series II, is set to commence later this quarter.
For many Nigerians, the success of this initiative could finally signal an end to years of “epileptic” power supply and the beginning of a more dependable energy future.
