Federal Government yet to pay N3.3tn power debt approved by President Tinubu, say generation companies
via Punch Nigeria3 min read
Nigerian power generation companies GenCos, under the Association of Power Generation Companies APGC, state that the Federal Government has not yet begun payment of the N3.3tn power sector debt approved by President Bola Tinubu in April. Despite official assurances that the settlement plan had commenced, APGC Chief Executive Officer Joy Ogaji confirmed that most generation companies have not received any payment. The GenCos also rejected the government's reduction of the debt from approximately N4tn to N3.3tn, insisting the full amount remains outstanding. Ogaji noted that the N501bn bond raised by the government for payments is still being disbursed and that only five generation companies鈥擥eregu, Ibom Power, FIPL, NDPHC, and Mabon Energy鈥攁greed to the terms of the bond program, which involved a 50 percent cut of their current debts.
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Nigeria's Super Falcons defeated Tanzania 2-1 in an international friendly, concluding their preparations for the 2026 Women's Africa Cup of Nations in Morocco. Captain Rasheedat Ajibade scored the opening goal in the first half, but Tanzania equalized before halftime. Esther Okoronkwo secured the 2-1 victory with a late goal. This friendly allowed Head Coach Justin Madugu to evaluate his squad and refine tactics. The win is expected to boost the Super Falcons' confidence as they aim for their 11th WAFCON title. Nigeria will now focus on the group stage of the 2026 WAFCON.
Oyinkansola Badejo-Okusanya, SAN, the President-elect of the Nigerian Bar Association, has stated she would resign if credible evidence emerged that the election which led to her presidency was rigged. Speaking on TVC News, Badejo-Okusanya addressed allegations from some contestants and lawyers that the 2026 NBA presidential election was manipulated in her favor. She maintained that the electronic voting process underwent unprecedented scrutiny and showed no signs of manipulation, noting that she consistently led throughout the election with a widening gap. Badejo-Okusanya dismissed suggestions of vote dumping or sudden spikes in votes, asserting the election was transparent and closely monitored. She also rejected comparisons to former President Umaru Musa Yar鈥橝dua, reiterating her commitment to resigning if the process that produced her was found to be compromised. Furthermore, she denied claims of backing from the outgoing NBA President, Afam Osigwe, SAN, and dismissed suggestions that her family ties to the Federal Government would compromise the NBA's independence, emphasizing her loyalty to the Bar members. Badejo-Okusanya aims for her tenure to make the NBA more professionally relevant to its members and to uphold the rule of law. Her comments come amidst ongoing controversy over the July 2026 NBA national election, where she became the first woman elected president with 12,317 votes. The first runner-up, Lateef Akangbe, SAN, and another presidential candidate, Olumuyi
Must ReadThe Regional Observatory of Onion in West and Central Africa ORO has expressed alarm over the continued seizure of Nigerian onion trucks in Ghana, urging the Nigerian Federal Government to intervene to prevent a regional trade crisis. ORO President Isa Aliyu stated that several trucks loaded with onions have been stranded at Kotoku Market in Ghana since July 21, after Ghanaian onion traders reportedly prevented them from offloading produce. Aliyu, who is also the National President of the National Onion Producers, Processors and Marketers Association of Nigeria NOPPMAN, highlighted that this situation is causing significant losses for Nigerian farmers, exporters, and transporters. He warned that the prolonged detention of the perishable goods could undermine Nigeria鈥檚 cross-border trade and violate ECOWAS trade protocols. Despite interventions from the Nigerian High Commission in Ghana, the Embassy of the Republic of Niger, and the ECOWAS Trade Directorate, the trucks remain unreleased. Aliyu emphasized that Ghanaian traders enjoy unrestricted access to Nigerian markets, purchasing over 50 trucks of onions from Nigeria without discrimination, while Nigeria exports about 16 trucks weekly to Ghana. He asserted that the blockade violates the ECOWAS Trade Liberalisation Scheme and the African Continental Free Trade Area, which ensure the free movement of goods among member states. Aliyu appealed to the Federal Government for diplomatic engagement with Ghana to protect Nigerian bu