The Presidency wishes to update Nigerians on progress under the Presidential Power Sector Financial Reforms Programme. The Programme is addressing long-standing debts in the power sector accumulated between February 2015 and March 2025. Following verification, ₦3.3 trillion has been agreed as full and final settlement, ensuring a fair and transparent resolution.

The Presidential Power Sector Financial Reforms Programme is already underway, with the ₦501bn Phase 1 bond issued in Jan 2026 and funds now being disbursed through cash and notes. The ₦4tn programme aims to settle verified sector debts, including ₦4.55tn owed to GenCos (Feb 2015–Mar 2025), using phased bond issuances based on market capacity.

Fifty years ago, on this soil, a dream took root. On the 3rd of February 1976, the old Western State was transformed into three brand-new states, one of which was named Ondo, after the existing province of the same name. The 18,165 square kilometres of land carried the hopes and aspirations of 2.7 million people, blending ethnicity, language, religion, and geography.