latest
Tinubu Approves Massive ₦4 Trillion Bond To Rescue Nigeria’s Power Sector.
President Bola Ahmed Tinubu has approved a ₦4 trillion bond to offset verified debts owed to electricity Generation Companies (GenCos) and gas suppliers, as part of efforts to stabilize Nigeria’s power sector.....KINDLY READ THE FULL STORY HERE▶
According to Nivo News, the Minister of Power, Chief Adebayo Adelabu, disclosed this development on Tuesday during the Nigerian Renewable Energy Innovation Forum (NREIF) 2025 held in Abuja. He explained that the move was aimed at restoring financial stability and investor confidence in the nation’s electricity market.
“To stabilize the market, Mr. President has approved a ₦4 trillion bond to clear verified guarantee company and gas supply debts,” Adelabu said. He added that the federal government is also developing a targeted subsidy framework to protect vulnerable households while ensuring a sustainable transition toward full commercialization of the sector.
Adelabu noted that the administration is implementing several national programs to accelerate the modernization, expansion, and efficiency of the country’s power infrastructure.
In a related development, Vice President Kashim Shettima announced that the federal government has successfully mobilized over $400 million in fresh investments for the deployment of renewable energy manufacturing across the country. The initiative, he said, is expected to generate more than 1,500 direct jobs and strengthen Nigeria’s clean energy value chain.
Speaking at the Forum themed “Implementing the Nigeria First Policy: Facilitating Local Content Development and Manufacturing in the Renewable Energy Ecosystem,” Shettima revealed that states such as Bayelsa, Ogun, and Jigawa would sign partnership agreements to promote renewable energy deployment.
“Through the engagements facilitated under this Forum, over $400 million in new investment commitments are being mobilized into Nigeria’s renewable energy manufacturing value chain,” Shettima stated. “These include solar panels, smart meters, battery storage, and recycling facilities. These investments reflect growing global confidence in Nigeria’s clean energy industrialization drive.”
The Managing Director of the Rural Electrification Agency (REA), Engr. Abba Aliyu, highlighted the accelerating global transition toward clean energy, citing major investments in the United States, Europe, and China. He, however, lamented that Africa currently attracts less than 3% of global renewable energy investments despite holding nearly 60% of the world’s best solar resources.
Aliyu emphasized that Nigeria must leverage its resources to build local industries, drive innovation, and strengthen its position in the global clean energy economy. He warned that with the nation’s population projected to exceed 250 million by 2030, the demand for sustainable and reliable energy would only continue to rise, particularly in the areas of industrial development, digital infrastructure, and electric mobility.
latest
Aisha Yesufu Fires Back At Keyamo, Mocks 48-Hour Ultimatum To Seriake Dickson.
The Nigeria Democratic Congress (NDC) chieftain, Aisha Yesufu, has criticised the Minister of Aviation and Aerospace Development, Festus Keyamo, over the 48-hour ultimatum he issued to the party’s national leader, Senator Seriake Dickson.....KINDLY READ THE FULL STORY HERE▶
News reports that Keyamo, in a statement on Saturday, challenged Dickson to explain why members and supporters of the NDC sang the old national anthem during a recent town hall meeting in Lagos State.
The minister expressed displeasure over the incident and demanded that Dickson clarify within 48 hours whether the party officially recognises the repealed national anthem as its national symbol.
In his statement, Keyamo argued that a national anthem represents a country’s history, values and sovereignty and serves as a symbol of unity among its citizens.
He further suggested that deliberately using an anthem different from the one prescribed by law could amount to laying the foundation for secession, particularly if the leader of the group endorses the action.
Keyamo consequently called on Dickson, whom he described as his former classmate and friend, to publicly clarify the NDC’s position on the matter.
He wrote, “A National Anthem is one of a country’s national symbols. It represents a country’s history, values and SOVEREIGNTY. It is meant to UNITE citizens.
“When a group of people decide to defy it and sing something different from what others are signing as prescribed by law, that group is preparing grounds to break away from the country. It is one of the ingredients of SECESSION. And once the leader of such a group endorses the action, it means the group is then OFFICIALLY a secessionist movement.
“I AM THEREFORE OFFICIALLY CALLING ON the original ‘COUNTRYMAN’, my CLASSMATE, my friend and a man of considerable courage from our school days, SENATOR SERIAKE DICKSON, the official leader of the NDC, to within 48 hours SPEAK UP as to whether the NDC officially endorses a proscribed anthem as its own NATIONAL SYMBOL. The world is waiting.”
Reacting to the development in a post on her X account, Yesufu said the ancestors of the South-South region would be disappointed if Dickson responded to Keyamo’s ultimatum.
She also accused the aviation minister of remaining silent when the current administration brought back the old national anthem without adequately considering the history and opinions of Nigerians.
Yesufu argued that the decision to change the national anthem was made without sufficient consultation with the people.
She wrote, “If Seriake Dickson answers YOU as in the YOU that watched a National anthem being desecrated, whose history was not considered nor its people consulted before one man decided his ego had to be assuaged and changed it, then he fall hand!
“Proper falling! Our South South ancestry go cry for their graves!!!!!
“This monopoly of anyhowness that you think you own has been manufactured by many.”
latest
2027: Kwankwaso Speaks Out, Declares Peter Obi Above Corruption Allegations/
The Nigeria Democratic Congress (NDC) vice-presidential candidate, Rabiu Kwankwaso, has described the party’s presidential flagbearer, Peter Obi, as an incorruptible individual, insisting that his integrity makes him an important figure in Nigeria’s quest for good governance.....KINDLY READ THE FULL STORY HERE▶
News reports that Kwankwaso made the remarks on Saturday during the fifth convocation ceremony of Skyline University of Nigeria in Kano State.
The former Kano State governor said his experience working with Obi over the past few months had convinced him that the former Anambra State governor could not be associated with corruption.
Kwankwaso also identified education as one of the major areas where both politicians share similar views, promising that an NDC-led government would prioritise free education.
He maintained that no Nigerian child should be prevented from accessing education because their parents could not afford school fees and other related expenses.
Speaking at the event, Kwankwaso said, “One thing I noted in the last few months that we have been working together, is that Peter Obi is incorruptible. He’s not somebody that you can go and start thinking of corruption around him, and that is very key in governance in this country.
“We have so much in common, especially in the issue of education. We believe that together it will be extremely difficult to see how any child will go around in this part of the country or elsewhere begging for what to eat.
“In other words, we are working towards free education to ensure that our children are not denied going to school because the parents cannot afford to pay school fees or other expenses.”
Meanwhile, Obi pledged to revive abandoned and struggling industries in Kano State as part of efforts to boost economic activities and generate employment opportunities.
The former Anambra governor described Kano as a critical centre of Nigeria’s economic development, arguing that any meaningful attempt to rebuild the country’s economy must begin with the state.
Obi said, “If we want to fix the North and Nigeria, we must start from Kano. This town represents the soul of Nigeria.”
latest
‘I Was Limited To Airport’ – Tinubu Opens Up, Seeks Forgiveness From Plateau Attack Victims/
President Bola Tinubu has apologised to the people of Plateau State over his previous visit following the deadly attacks in Anguwan Rukuba, Jos North Local Government Area, which claimed several lives and left many others injured in March 2026.....KINDLY READ THE FULL STORY HERE▶
News recalls that the attack, which occurred in March, left at least 20 people dead, while several others sustained injuries.
On April 2, Tinubu met with families affected by the incident at the Jos Airport, where he expressed his condolences and assured them that such attacks would not happen again.
However, the President faced criticism for failing to visit the affected communities during the trip. His spokesperson, Bayo Onanuga, subsequently explained that Tinubu’s visit was constrained by a scheduled meeting with the President of Chad.
Speaking at the All Progressives Congress (APC) North-Central presidential campaign rally in Jos on Saturday, Tinubu apologised to residents, explaining that he was restricted to the airport during his previous visit and could not travel into the affected communities.
He said, “When I last visited the other time, I was limited to the airport. Forgive me if you didn’t see me in the hinterland.
“But I saw the devastation. I got the report from the governor. I saw horror in the faces of our people. But since then, that has changed; we are forging together.”
The President also assured residents that affected communities would be rebuilt to enable displaced persons to return to their homes.
Tinubu further disclosed that he had directed security agencies to take decisive measures to restore and sustain peace across Plateau State.
He said, “I have directed all the security agencies to take decisive action and sustain peace and stability on the Plateau.
“What we should be getting is prosperity, not havoc, not crisis. Our government is not elected to inflict wounds on one another or to bury people. We have to lift people up from penury to prosperity.
“One thousand forest guards are undergoing training right now. You will feel them; you will see them. You will feel secure in your villages and communities.”
The President maintained that his administration was committed to improving security, restoring stability and creating an environment where residents could live without fear of further attacks.
-
latest1 year ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest3 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment3 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest3 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest3 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest3 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
