By the AFREEQUE newsroom, based on Punch
The Nigerian government has paid 1.23 trillion naira of the 3.3 trillion owed to electricity generation companies, Energy Minister Joshua Tegbe announced. President Bola Tinubu also ordered the release of 300 containers of electrical equipment held up at ports, Punch reports following a meeting of the Federal Executive Council in Abuja.
The Nigerian government is defending a supplementary external borrowing programme of $21.7 billion, which Finance Minister Taiwo Oyedele described as a strategic investment in infrastructure. Approved projects include work on the electricity grid, railway equipment and roads, according to Punch, which reported remarks made after a Federal Executive Council meeting in Abuja.
🇳🇬 Nigeria · Source: Punch ·
Nigerian President Bola Tinubu will present the 2027 federal budget to the National Assembly before the end of the year, according to Minister of State for Budget Doris Anite-Uzoka. Government agencies will be required, among other things, to submit their founding documents and be registered in public payroll and financial management systems, Punch reports.
🇳🇬 Nigeria · Source: Punch ·
The Nigerian government is targeting electricity production of 70,000 megawatts by 2030, up from less than 5,000 megawatts currently, Electricity Minister Joseph Tegbe announced. The strategy is intended to meet demand from industry, households and data centres, according to his remarks at the Nigeria Energy Leadership Summit in Lagos.
🇳🇬 Nigeria · Source: Punch ·
Fatima Masussuka recounts how her husband, Islamic preacher Yahaya Ibrahim Masussuka, was shot dead in Dutsin-Ma, Katsina State, after leaving to teach pupils. The armed group Ansaru claimed responsibility, while President Bola Tinubu ordered a manhunt for those responsible, Punch reports.
🇳🇬 Nigeria · Source: Punch ·
Peter Obi vows to prosecute electoral fraudsters in Nigeria in 2027Peter Obi, the Nigeria Democratic Congress’s candidate for Nigeria’s 2027 presidential election, has promised to prosecute and imprison those responsible for electoral fraud if elected. At a meeting in Nasarawa, he also backed stronger electoral systems and stricter educational criteria for candidates, Leadership reports.
Mauritania borrows €50 million for the Senegal River BasinMauritania’s National Assembly has approved a €50 million loan from the Spanish Institute of Public Credit to fund a resilience and community development project in the Senegal River Basin. Repayment is scheduled over 30 years, after a five-year grace period, according to Sahara Media.The week in Africa
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