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Bola Tinubu’s Government Approves ₦185 Billion Gas-Debt Payment

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Power & Energy: A Big Push to Fix the Lightsaber  It’s no secret that Nigeria has long struggled with unreliable electricity. For decades, many homes and businesses have had to rely on generators , in part because debt cascades in the power and gas sector made sustained generation difficult. That may finally be shifting: the federal government has approved a payment of ₦185 billion to settle long-standing debts owed to gas producers — a move aimed at reviving gas supply and, by extension, stabilising electricity generation nationwide.  This payment will be implemented via a “royalty-offset arrangement,” as endorsed by the National Economic Council (NEC).  It’s part of a broader government strategy to overhaul the entire gas-to-power chain: the goal is to nearly double Nigeria’s gas output to 12 billion cubic feet per day by 2030.  Why does it matter? Because past delays in paying gas suppliers created cash-flow problems, discouraged investment, and limited gas ...
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Bauchi State governor, Bala Mohammed, has warned against the diversion of palliatives given by the Federal Government to states to cushion the effect of the removal of fuel subsidy.

Mohammed gave the warning at the flag off of distribution of palliatives in the state at the Sir Abubakar Tafawa Memorial Stadium, Bauchi, at the weekend, where part of 89,000 25kg bags of rice were shared among Persons Living with Disabilities (PLWDs).

“We will not spare anyone that becomes a clog in the wheel of progress in our efforts to bring succour to the people,” the governor said.

Mohammed, who is also a member of the committee set up by the National Economic Council, NEC, to draw the roadmap for the roll-out of Federal Government palliatives, said part of the interventions includes the provision of five trailer loads of rice as well as N5 million to each state in either cash or grains.

He added that the palliatives comprise a grant of 52 percent with the remaining 48 percent as loan payable over 20 months to support states to provide additional palliatives.

The governor further said that the sum of N2 billion has so far been released by the Federal Government while arrangements are being made to access the remaining money in addition to more grants from the Central Bank of Nigeria, CBN.

DAILY POST reports that the flag-off exercise includes the distribution of 89,000 bags of rice to the 20 LGAs in the state, payment of N10,000 each to the most vulnerable citizens, provision of mass transportation buses, and payment of student scholarships.

It also includes payment of outstanding gratuities and leave grants to retired and active civil servants as well as payment of special allowances to volunteer health workers, casual workers and environmental sanitation agents.

Earlier in her remarks, the State Commissioner for Humanitarian Affairs and Disaster Management, Hajara Yakubu Wanka, assured that necessary measures have been put in place to ensure that palliative gets to all the vulnerable groups.


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