The Nigeria Labour Congress has rejected the proposed N6 trillion bailout for power generation companies, saying repeated financial interventions have not improved electricity supply nationwide. The NLC President, Joe Ajaero, said this in a statement on Sunday in Abuja, calling for urgent structural reforms in the energy sector. “The proposed N6 trillion bailout is a mere symptom of deeper structural failures in the power sector, and repeated financial interventions have not translated into improved electricity supply for Nigerians. The NLC president also called for a halt to the proposed bailout, insisting public funds should not support what it described as failed private investments. He noted that electricity should be treated as a social service, not a profit-driven commodity, to ensure affordable and reliable power supply.

Source: Punch March 22, 2026 18:00 UTC