By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

FGN Pays ₦1.233trn Of ₦3.3trn Power Sector Debts – Minister

Last updated: October 28, 2026 8:33 pm
52 minutes ago
Share
2 Min Read
AIT IMAGES 2 34

The Federal Government of Nigeria is targeting an increase in electricity transmission capacity from about 5,000 megawatts to 19,000 megawatts, as the Executive Council of the Federation approves three projects to strengthen the national grid.

Minister of Power, Joseph Tegbe announced the approvals after Wednesday’s Council meeting in Abuja, saying the interventions are part of efforts to improve grid stability and electricity delivery across the country.

The approved projects include a 33-kilovolt double-circuit line around the Katampe transmission substation, three 300 MVA transformers for Egbin transmission substation, and the upgrade of a 35.6-kilometre transmission line along the Lagos–Shagamu axis.

The Minister said: “Our intention is to be able to upgrade our transmission capacity to be able to hop up again from 5,000 megawatts transmission wheeling capacity to date, around 19,000 megawatts.”

He also disclosed that the government had paid ₦1.233 trillion out of the ₦3.3 trillion in outstanding power-sector debts.

“As we work on stabilising the grid, we are also addressing liquidity and debt issues in the sector. So far, we’ve been able to pay ₦1.233 trillion out of the ₦3.3 trillion debts to be cleared.”

The Minister further announced plans to rebuild the National Control Centre in Oshogbo and clear more than 300 containers of power equipment that have remained at Nigerian ports for years.

He said the government would assess the equipment and determine which items could be repaired and deployed.

(Follow AIT News on WhatsApp, AfricaIndependentTV on YouTube, ait_online on Facebook and X (Formerly Twitter), and officialait on TikTok, Instagram and Threads)

(Editor: Terverr Tyav)

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print

RSS feed: Unknown Feed Unknown Feed

Trending

FG
FG Plans National Digital Farmers Data Register
Headlines
ADP LOGO
ADP CRISIS: Presidential Candidate Accuses Party Chairman of Sabotage
Politics
WhatsApp Image 2025 12 25 at 1.40.13 PM
Delta Governor On Crime Fighting
Africa
AIT IMAGES 31
Niger Mining Deaths: Group demands independent probe, accountability
Local
AIT IMAGES 1 4
AAC Writes EFCC, Seeks Scrutiny Of Oyo State Funds Ahead 2027 Polls
Politics

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?