The Centre for the Promotion of Private Enterprises (CPPE) has recommended policy interventions necessary to maintain power availability for households and businesses in 2026.

CPPE in its policy brief on Power Sector, released on December 14, 2025, noted that Nigeria’s power sector remains one of the most challenging areas of the country’s economic reform agenda.

Dr Muda Yusuf , its CEO, noted :” Despite multiple reform efforts over the years, the sector continues to face deep structural, financial, and governance challenges.

These challenges are multi-dimensional, spanning political economy constraints, tariff distortions, weak investor capacity, transmission bottlenecks, and a persistent liquidity crisis across the value chain.”

Dr Yusuf emphasised that the rising power sector debt currently at about ₦4 trillion, is fiscally unsustainable without deeper structural corrections, improved transparency, and gradual but credible reform implementation.

CPPE, he said, therefore calls for decisive action by the government through the industry’s regulators , the GENCOs and the Discos, to address structural inefficiencies, improve governance, and ensure fiscal discipline.

“A balanced approach—combining short-term government support with medium- to long-term structural reform—is essential to building a financially viable, reliable, and inclusive power sector that can support Nigeria’s economic growth and development,” said Dr Yusuf.

•Abdul Samad Rabiu

Abdul Samad Rabiu, the Chairman of BUA Group, on Saturday, Dec. 13, 2025, shared $20.7 million (about N30 billion )in cash rewards to staff for their long -service and loyalty across the conglomerate.

The payouts were announced at the BUA Night of Excellence Long Service Awards held at Eko Hotel & Suites in Victoria Island, Lagos.

The annual event, which brought together staff across BUA Group and its subsidiaries, was designed to recognize years of service, loyalty and day-to-day contributions that often go unnoticed outside company walls.

At the ceremony, Rabiu approved cash awards spanning multiple levels of the organization.

Five employees received N1 billion ($691,000) each, while another five were awarded N500 million ($345,000). Several others went home with N100 million ($69,000), and dozens more received sums ranging from N5 million ($3,450) to N20 million ($13,810), ensuring the rewards extended beyond senior staff and reflected the breadth of the workforce.

The awards build on a pattern that employees say has become familiar at BUA.

See video below:

https://www.facebook.com/share/v/1Q3DRwXpFk

Guaranty Trust Holding Company Plc (GTCO Plc) has launched the inaugural Holiday Edition of its renowned GTCO Food & Drink Festival, Africa’s largest culinary event.

The two-day festival is scheduled for December 20 and 21, 2025, at the GTCentre in Oniru, Victoria Island, Lagos.

This special edition marks a festive expansion of the annual festival, blending African culinary excellence with family-oriented holiday experiences and support for small businesses.

Unlike previous editions, it shifts focus from chef masterclasses to immersive attractions tailored for the holiday season.

Segun Agbaje, Group Chief Executive Officer of GTCO Plc, highlighted the event’s significance: “The GTCO Food & Drink Festival is a powerful platform that aligns with our mission to fuel enterprise, promote African creativity, and connect communities through meaningful lifestyle experiences.

The Holiday Edition gives us an exciting opportunity to celebrate the festive season while supporting thousands of food entrepreneurs who form the backbone of our economy.”

Record-Breaking SME ParticipationTrue to its commitment to empowering local businesses, GTCO continues its free vendor participation model.

For this edition:

– Over 4,000 applications were received.

– 213 Nigerian-owned food SMEs were selected—nearly double the number from recent editions.

– Vendors will offer diverse, affordable culinary options, providing a high-traffic platform to boost visibility and sales during the holidays.

The surge in participation highlights the festival’s role in driving SME growth and inclusive economic development.

The 2025 Holiday Edition introduces tailored attractions:-

**Christmas Village**: A curated marketplace with handcrafted gifts, seasonal delicacies, artisanal products, and holiday entertainment.

– **Large Children’s Play Zone**: Immersive games and activities for families.

– **Street Food Hub**: Showcasing Nigeria’s vibrant street food diversity.

– **Live Entertainment**: High-energy DJ sets from top Nigerian performers.

The event aligns with GTCO’s corporate social responsibility goals, promoting community impact, SME support, and Nigeria’s creative economy.

Admission is free and open to the public, emphasizing accessibility to world-class experiences.

For more details, visit the official site at [foodanddrink.gtcoplc.com](https://foodanddrink.gtcoplc.com/).