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Senate worries as FG’s electricity debt hits N800bn
Senate worries as FG’s electricity debt hits N800bn
The Senate Committee on Power has raised an alarm over the worsening liquidity crisis in Nigeria’s power sector, revealing that the Federal Government owes electricity generating companies (GenCos) an estimated N200bn monthly in tariff shortfalls.
Speaking at a retreat organised by the Nigerian Electricity Regulatory Commission (NERC) in Ikot-Ekpene, Akwa Ibom State, the Chairman of the Committee, Senator Enyinnaya Abaribe, stated that no payment has been made to power producers so far this year, pushing the total debt for 2025 to about N800bn. This is in addition to the over N3tn already owed to GenCos.
“I will not be able to just, in this short interview, give you the statistics of these things. But there’s one key statistic that is very, very necessary for Nigerians to know. There’s a liquidity crisis in the power sector. The generating companies are owed so much, the distribution companies are also owed so much.
“The tariff shortfall that we have means that every month the government owes N200bn of payments, and for this year, 2025, no payment has been made. In other words, we’re already short by N800bn. Before this time, we had about N3tn debt to the generating companies. The generating companies owe the gas suppliers. The gas suppliers cannot just continue to supply gas indefinitely,’’ Abaribe said.
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He called for urgent action from both federal and state governments to address the crisis, stressing the need for a coordinated approach to tackle the sector’s funding issues.
“The hope is this: a decision must be taken by the Federal Government and the state governments because right now, we have two tiers of electricity markets. The state can do it, the Federal Government can do it, so they must all come together and make that decision.
“How do we get out of this? How do we pay for it? Who pays? And so forth, everywhere else in the world, that decision is always taken. Do we decide to subsidise fuel that we all use to run around, or do we see the decision to subsidise electricity that goes to everyone of us in terms of production. So that’s our choice to make,” he stated.
Meanwhile, the Minister of Power, Adebayo Adelabu, while delivering an overview of the power sector reforms, noted some achievements under the Tinubu-led administration, especially in boosting power generation. However, he highlighted persistent challenges such as inadequate funding and the rampant vandalism of energy infrastructure.
“Only in this country are energy equipment being vandalised in such magnitude,” he lamented.
Also speaking at the retreat, Akwa Ibom State Governor Umo Eno—represented by his Deputy, Senator Akon Eyakenyi—emphasised the importance of stable electricity for Small and Medium Enterprises (SMEs), which he described as the engine of economic growth.
He expressed optimism that the gathering of experts at the retreat would help chart a new course for resolving the power sector’s deep-rooted issues.
Senate worries as FG’s electricity debt hits N800bn
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Again, Early Morning Blaze Destroys Dozens of Shops in Kano Market
Again, Early Morning Blaze Destroys Dozens of Shops in Kano Market
A devastating fire outbreak on Friday, February 20, 2026, razed at least 50 shops at the Fatima Simra Multi‑Purpose Market in the Dakata area of Kano State, leaving traders and residents in shock. The early morning blaze, which began around 5:40 a.m., rapidly spread across the market, affecting mainly small-scale enterprises involved in oil production, plastic recycling, and nylon processing.
The chairman of the market fire committee, Dauda Haruna Chula, confirmed the incident, noting that the Kano State Fire Service had been alerted and was en route to the scene. “From the preliminary assessment, about 50 shops are already down, and the fire is still ongoing. We did as much as we could to inform the authorities, and I can hear the sound of their fire trucks arriving now,” Chula said.
Traders expressed frustration over what they described as a slow emergency response, which allowed the fire to spread more rapidly. Many are now counting losses and making plans to salvage remaining goods, while others fear losing their entire livelihoods.
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This latest blaze comes less than a week after a major fire devastated Singer Market in Kano, displacing over 1,000 traders and destroying goods worth billions of naira. Following that disaster, the Federal Government and the APC Governors’ Forum pledged financial support to assist affected traders, highlighting the need for improved fire safety measures in commercial hubs across the state.
Authorities are continuing firefighting operations and have assured traders that investigations are ongoing to determine the cause of the fire, which preliminary reports suggest may have been triggered by electrical faults or unattended cooking equipment. Officials have emphasized the importance of emergency preparedness, fire prevention, and rapid response systems to prevent similar incidents in the future.
Kano State has a history of recurring market fires, raising calls from experts, trade associations, and residents for stricter safety regulations, including proper spacing of stalls, installation of fire hydrants, and training for traders on emergency response.
Again, Early Morning Blaze Destroys Dozens of Shops in Kano Market
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Suspected Terrorists Warn Kebbi Residents: Pay ₦100 Million or Face Attack
Suspected Terrorists Warn Kebbi Residents: Pay ₦100 Million or Face Attack
Fresh tension has gripped Utono community in Ngaski Local Government Area, Kebbi State, after suspected terrorists issued a letter demanding ₦100 million from residents and threatening a deadly attack if the ransom is not paid. The development has sparked fear across the community, highlighting the growing insecurity in northwest Nigeria, where armed groups continue to target rural settlements for ransom and other criminal activities.
According to local sources, the threat letter was delivered to community leaders on Thursday, February 17, 2026, warning residents not to dismiss the message. “This is not a joke. We are coming to preach. You must pay us ₦100 million. If you refuse, you will face the consequences and have no one to blame but yourselves. Even if you call soldiers, they cannot stop us,” the letter reportedly read.
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The group referenced a previous attack on Woro community in Kiama Local Government Area, Kwara State, where several people were killed after residents ignored a similar threat. The reference has amplified panic among Utono residents, many of whom are now developing safety plans and considering temporary evacuation.
A community source, speaking on condition of anonymity due to safety concerns, said the fear is widespread. “People are scared. The mention of what happened in Woro has made the threat more frightening. Many families are already discussing safety plans in case anything happens,” the source said.
Confirming the threat, Kebbi State Governor’s Chief Press Secretary, Alhaji Ahmed Idris, stated that security personnel have been deployed to Utono, including air surveillance units, to prevent any potential attack. “The government is not taking the threat lightly,” he added, emphasizing that residents’ safety remains a top priority.
Authorities have assured that intensified operations are ongoing to prevent incursions, protect residents, and deter further attacks. Security analysts warn that paying ransom may encourage more violence, urging communities to remain vigilant and cooperate with law enforcement and military agencies.
The Utono threat is the latest in a series of attacks across northwestern Nigeria, where terrorists and armed gangs frequently target remote communities for extortion, kidnappings, and other criminal acts, underscoring the urgent need for intelligence-led operations and government intervention.
Suspected Terrorists Warn Kebbi Residents: Pay ₦100 Million or Face Attack
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ICPC Searches El-Rufai’s Abuja Home Amid Multi-Agency Corruption Investigation
ICPC Searches El-Rufai’s Abuja Home Amid Multi-Agency Corruption Investigation
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Thursday raided the Abuja residence of former Kaduna State Governor Nasir El-Rufai as part of an ongoing multi-agency investigation into alleged financial irregularities during his eight-year tenure from 2015 to 2023.
El-Rufai’s Media Adviser, Muyiwa Adekeye, confirmed the operation on his verified X account, stating: “The Aso Drive residence of Malam Nasir @elrufai was today searched by the ICPC.” The former governor has been held by the ICPC since Wednesday night in connection with the probe. Legal representatives, led by Ubong Akpan, condemned the raid, describing it as “unlawful and a clear violation of legal procedures and fundamental rights.” It was not immediately clear if the ICPC seized any documents or other materials during the search.
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The search at El-Rufai’s Abuja home forms part of a broader multi-agency investigation involving the EFCC, ICPC, and DSS, probing the former governor’s financial dealings and alleged irregularities in public contracts awarded during his administration. Earlier this week, El-Rufai was questioned by the Economic and Financial Crimes Commission (EFCC) and detained for two nights over suspected financial misconduct. Following his release on administrative bail by the EFCC, he was taken into ICPC custody. In addition, the Department of State Services (DSS) reportedly detained him in relation to a separate cybercrime case, involving allegations that he unlawfully intercepted a telephone conversation of Nigeria’s National Security Adviser, which El-Rufai has publicly denied.
The raid has sparked widespread public attention and political reaction. Protests demanding accountability and transparency were staged outside anti-graft agency offices in Abuja, while civil society groups in Kaduna called for thorough investigations into the former governor’s administration. Political supporters argue the investigations are politically motivated, while critics emphasize the importance of following due process and ensuring justice.
The ICPC has not issued an official statement detailing the scope of the raid, as investigations remain ongoing. Authorities insist that all procedures are being carried out in accordance with Nigerian law, and that the probe will continue to uncover any alleged financial misconduct linked to El-Rufai’s tenure.
ICPC Searches El-Rufai’s Abuja Home Amid Multi-Agency Corruption Investigation
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