News
Blackout Looms As GenCos Threaten Shutdown Over N2trn Debt

Power Generation Companies (GenCos) are urging the Federal Government to address the N2trn electricity debt, emphasizing that 90 per cent of their monthly invoices remain unpaid.
They lamented that the issue is currently endangering the continued operation of their power generation plants hence requesting that “immediate and expedited action be taken to prevent national security challenges that may result from the failure of the GenCos to sustain steady generation of electricity for Nigerians.”
According to a statement signed by its Board Chairman on Sunday, Colonel Sani Bello (retd.), the GenCos are currently owed over N2 trillion for the power they generated, put into the national grid, and consumed by end users.
And this is in addition to the over 1.7 trillion naira, funding gap created in the recent supplementary MYTO order 2024 without a designated fund to fill the gap.
The statement read, “Even though the supplementary MYTO order leaves about 90% of GenCos monthly invoices unmet without a bankable securitisation or financing plan, the power generated by GenCos has continued to be consumed in full without corresponding full payment.
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“The GenCos therefore called on the Federal Government and key stakeholders to urgently address the issue of inadequate payment for electricity generated by them and consumed on the national grid, insisting that the liquidity challenge threatens the continued operation.
“GenCos are of the position that the liquidity challenge threatening the continued operation of their power generation plants must be addressed urgently, and sustainably too. Besides being owed huge debts, GenCos also are operating under very harsh monetary and fiscal conditions, occasioned by the economic realities that face the country today.”
Continuing, the group said in the statement that, “The flow of money within the power industry is one of the fundamental problems preventing Nigerians from enjoying continued and sustainable improvement in electricity supply.
“Expeditiously solving these issues would enable GenCos to meet their critical needs which would, in turn, ensure that they sustainably generate power, to enable Nigerians to have better access to reliable electricity supply. GenCos would like to re-emphasise that this request requires urgent attention.”
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The group stated further, “The power generated by GenCos has continued to be consumed in full without corresponding full payment, notwithstanding the commencement of the Partial Activation of Contracts in the NESI which took effect from July 1, 2022, the minimum remittance order, bilateral market declaration, waterfall arrangement, the risks of inflation, forex volatility with no dedicated window to cushion the effect of the forex impact, the supplementary MYTO order which leaves about 90% of GenCos monthly invoices unmet without a bankable securitisation, or financing plan. This situation has dire consequences for the GenCos and by extension the entire power value chain.”
The group further reaffirmed that “GenCos are currently owed over two trillion Naira for the power they generated, put unto the national grid, and consumed by end users.
“This is in addition to the over 1.7 trillion naira, funding gap created in the recent supplementary MYTO order 2024 without a designated fund to fill the gap. This huge debt outlay is now greatly inhibiting GenCos ability to meet their obligations to lenders, O&M operations, necessary maintenance, spare parts procurements, employee-related obligations etc.
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“The GenCos expectations of being settled through external support such as the World Bank PSRO has also been dampened due to other market participants’ inability to meet their respective distribution linked indicators (DLIs), enshrined in the Power Sector Recovery Program (PSRP). Access to forex is another problem given that major operation and maintenance needs in the generation subsector are dollarized, the importance of a specialised window or stable dollar allocation option for the GenCos cannot be overemphasized.”
The statement also quoted the group as saying, “GenCos are of the position that there is a need for a coordinated approach by all stakeholders in the NESI to address the liquidity issue realistically and sustainably in the power sector so that Nigerians can have access to reliable electricity supply.
“In the light of the severity of the issues highlighted above, the GenCos are
requesting that immediate and expedited action be taken to prevent national
security challenges that may result from the failure of the GenCos to sustain steady generation of electricity for Nigerians.
“GenCos liquidity challenges are further worsened by the various policies introduced such as the payment waterfall in the NESI, which deprioritizes payment to GenCos”.
News
PAP Sends Additional 34 Foreign Post-graduate Scholarship Beneficiaries To UK Varsities

The Presidential Amnesty Programme (PAP) has deployed an additional 34 foreign post-graduate scholarship beneficiaries to various universities in the United Kingdom for the 2025-2026 academic year.
This was contained in a statement made available to newsmen in Warri by Mr Igoniko Oduma, Special Assistant on Media to Dr. Dennis Otuaro, the Administrator, PAP.
According to the statement, the scholars’ programmes include data science, fintech analytics, cyber security, international energy law and policy, construction project management, public health, agri-food technology, electrical and petroleum engineering, among others.
The statement added that more foreign post-graduate scholars will be sent to UK universities in the current academic session.
“In December 2025, nine students, who were the first set of offshore post-graduate scholarship developments by the PAP Administrator, Dr Dennis Otuaro, for the 2024-2025 academic year, graduated from their various programmes in UK universities.
READ ALSO:PAP Scholarship Scheme Vehicle For Better Future For Niger Delta —Otuaro
“Otuaro has deployed over 9000 students to universities within and outside Nigeria for different industry-relevant programmes since he assumed office in March 2024,” the statement partly reads.
Speaking at the pre-departure orientation programme for the scholars at the PAP headquarters in Abuja, on Thursday, Otuaro said that the large-scale deployment was aimed at making the Niger Delta a knowledge-driven region.
He said that his leadership reinvigorated the programme to give it a new momentum in service delivery to the people of the region based on the mandate of President Bola Tinubu.
Otuaro said, “We are sending all of you for post-graduate studies in various universities in the United Kingdom.
“The PAP now has a new momentum and direction because of the repositioning and broad reforms that we carried out in line with the mandate of His Excellency, President Bola Ahmed Tinubu GCFR.
READ ALSO:Otuaro Tasks Media On Objective Reportage
“The objective behind the huge scholarships deployment is to ensure that we develop the needed human capital to transform the Niger Delta and generate knowledge-wealth.
“We want to develop relevant manpower in critical disciplines for our region and by extension, the country, because you are expected to contribute your quota to national development after successful graduation.”
The PAP boss, who was represented at the event by his Technical Assistant, Mr Edgar Biu, advised the scholars to study hard to achieve academic excellence in their various fields of research.
According to him, the scholars have an obligation to justify the Federal Government’s investment in their education and future.
READ ALSO:I’m Not Distracted By Anti-Niger Delta Elements, Says PAP Boss, Otuaro
He reiterated his warning that beneficiaries should not take for granted the opportunity to further their academic pursuits in the interest of the Niger Delta and indeed the country.
Otuaro expressed appreciation to President Tinubu for his “enormous interest and support for the Programme”, particularly the approval of an upward review of the programme’s budget from N65billion to N150billion.
He also expressed gratitude to the National Security Adviser, Mallam Nuhu Ribadu, for his impeccable guidance and supervision of the programme’s initiatives.
Otuaro, therefore, cautioned the scholars to obey their host country’s laws and the rules and regulations of their various institutions, stressing that they are ambassadors of Nigeria, the Niger Delta and their communities and families.
Highpoint of the orientation programme was the presentation of laptops to the scholars to help them in their studies.
News
Industrial Court Bars Resident Doctors From Strike

The National Industrial Court in Abuja has issued an interim injunction restraining the Nigerian Association of Resident Doctors (NARD) and its agents from embarking on any form of industrial action, including strikes, go-slows, picketing, or preparatory steps for protest, from Monday, January 12, 2026.
Justice E.D. Subilim ordered that the injunction remain in force pending the hearing of the motion on January 21. The suit was filed by the Attorney General of the Federation (AGF) and the Federal Government against NARD, its president, Dr Mohammad Suleiman, and Dr Shuaibu Ibrahim.
The court order comes days after resident doctors at the Usmanu Danfodiyo University Teaching Hospital (UDUTH), Sokoto, declared their full support for the nationwide strike announced by NARD over the government’s alleged failure to honour critical welfare and training agreements.
UDUTH doctors cited the non-reinstatement of five disengaged resident doctors at the Federal Teaching Hospital, Lokoja, unpaid promotion and salary arrears, and incomplete implementation of the Professional Allowance Table as key grievances. Other unresolved issues include withheld specialist allowances, delayed house officers’ salaries, postgraduate training certification delays, and deteriorating hospital infrastructure.
READ ALSO:Resident Doctors Suspend Strike, Issue Fresh Four-week Ultimatum
However, NARD had on Tuesday noted that there was no going back on the industrial action, insisting that the strike is necessary and not politically motivated. Speaking in Abuja, Dr Suleiman said the withdrawal of services from midnight on Monday is a response to “unmet commitments, shifting government positions and worsening working conditions for resident doctors, not partisan considerations.”
He argued that none of the demands outlined in the Memorandum of Understanding signed with the Federal Government on November 27, 2025, have been implemented.
“Every issue is either at the same point where it was when we signed the MoU or we have even gone backwards,” Dr Suleiman said, adding that claims by the Ministry of Health that some issues had been resolved were misleading.
He further challenged the government to show where N90 billion, allegedly allocated in the 2026 budget for health workers’ professional allowances, has been provided.
READ ALSO:Doctors’ Strike Continues As NARD Demands Fair Deal, Better Pay
The association also demanded the immediate reinstatement of the five disengaged resident doctors at FTH Lokoja with full back pay and rejected plans to redeploy them elsewhere.
Other grievances include delayed promotion arrears across 62 tertiary institutions, non-recognition of specialist certificates, and outstanding salary and allowance payments affecting nearly 40 percent of resident doctors.
While NARD remains open to dialogue and has appealed to President Bola Ahmed Tinubu for decisive intervention, it warned that unless concrete action is taken, the planned industrial action will go ahead, potentially disrupting healthcare services nationwide. Dr Mujitaba Umar, President of the UDUTH chapter, described the situation as “difficult but unavoidable,” while the chapter’s General Secretary, Dr Muhammad Abdulrahman Hassan, urged the Federal Government to act swiftly “in the interest of the Nigerian populace and the healthcare system.”
News
Nigeria To Get Fresh $9.5m Abacha Loot From UK’s Jersey

Nigeria to receive fresh $9.5 million (£7 million), believed to be stolen funds linked to former military Head of State, Sani Abacha, from the United Kingdom’s Jersey.
According to the BBC, Jersey has agreed to repatriate the fund to the Nigerian government.
The money, described as proceeds of “tainted property,” is said to be part of the vast fortune stolen by Abacha, who ruled Nigeria between 1993 and 1998.
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The funds were kept in a bank account in Jersey and had been tied up in legal proceedings for several years.
Although the assets were first recovered during the administration of former President Goodluck Jonathan, court challenges stalled their return to Nigeria. Progress was made in December 2025 when Jersey’s Attorney-General, Mark Temple, signed a memorandum of understanding, MoU, with Nigerian authorities to enable the repatriation.
The latest agreement builds on two earlier arrangements between Jersey and Nigeria that led to the return of more than $300 million (£230m) in recovered assets.
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