Author: Anule Emmanuel
The Federal Government on Tuesday said it has paid about ₦333.12 billion to eight electricity Generation Companies (GenCos) settling obligations tied to 17 power plants under the first phase of a broader power-sector debt resolution program. Special Adviser to the President on Energy Olu Verheijen, disclosed this at an investor forum for the ₦729 billion Series II bond offering of the Presidential Power Sector Financial Reforms Programme (PPSFRP). The programme aims to clear verified legacy debts across the electricity value chain and attract private capital to Nigeria’s power sector. Verheijen said the government previously deployed roughly ₦501 billion under Series…
The Presidential Enabling Business Environment Council (PEBEC) said Tuesday it is intensifying efforts to cut the average time cargo sits at Nigerian ports from about 21 days to seven. The council told State House Correspondents at a press briefing at the Presidential Villa, Abuja that the target is to lower logistics costs and boost the nation’s competitiveness. PEBEC Director‑General Princess Zahra Audu said prolonged clearance times are a major constraint on trade, particularly when compared with neighbours such as Ghana and the Republic of Benin. “We were tasked to bring down our cargo dwell time from 21 days to seven…
Governor Lucky Orimisan Aiyedatiwa of Ondo State on Tuesday reappointed Dr. Taiwo Fasoranti as Secretary to the State Government (SSG). Dr. Fasoranti resigned from the same position in late March 2026 and contested his party’s Senate primary for the Ondo State Central senatorial district. Chief Press Secretary to the Ondo State Governor Prince Ebenezer Adeniyan in a statement said the appointment is effective immediately. Dr. Fasoranti previously served as SSG until his resignation on March 30, 2026, which followed his decision to seek the All Progressives Congress (APC) ticket for the Ondo Central senatorial district. NewsQuest reports that Dr. Taiwo…
Kogi State Government and key political stakeholders in the State have assured to deliver “overwhelming” support for President Bola Tinubu and the governing All Progressives Congress (APC) in next year’s general elections, citing an array of federal and state infrastructure projects that have revitalized the economy. The assurances followed a three-day tour of projects led by the Presidential Media Team and the Renewed Hope Ambassadors. Director of Media for the Renewed Hope Ambassadors Tunde Rahman in a statement said the delegation inspected a mix of federal and state projects across the State, including a newly resurfaced 15-kilometer internal road network…