Poised to implement measures aimed at improving the sector, the Minister of Power, Adebayo Adelabu, has assured Nigerians of uninterrupted electricity supply under President Bola Tinubu’s administration.
According to a statement by the Minister’s spokesperson, Bolaji Tunji, the assurance was given on Saturday during the commissioning of the Kwaru 1X15 MVA 33/11KV Injection Substation in the Ikotun-Egbe suburb of Lagos State.
“The present administration in Nigeria, led by His Excellency, Mr. Bola Ahmed Tinubu, with the Renewed Hope Agenda, recognizes that energy is not merely a commodity; it is the backbone of economic growth and job creation.
“To ensure the growth and sustainability of the sector, the Federal Government of Nigeria continues to implement a multi-pronged approach, which has yielded some remarkable achievements,” the Minister said.
Beyond improving electricity supply to communities such as Abaranje, Isijola, Igando Road, Omoboriowo, Okerube, and surrounding areas, Adelabu emphasized that the project would have far-reaching benefits for Lagos State’s economy.
“This initiative will reduce operational challenges caused by power shortages, provide direct support to small and medium-sized enterprises (SMEs), stimulate economic growth, and create new job opportunities,” he said.
The Minister underscored key achievements under the Renewed Hope Agenda to include the decentralization and liberalization of the power sector through the Electricity Act 2023, which has activated twelve state electricity markets and led to the development of a National Integrated Electricity Policy after 24 years.
Other milestones mentioned include the attraction of over $2 billion in fresh investments to expand electricity access, as well as the transition towards full commercialization, which increased the sector’s revenue by 70 percent in 2024, and increased installed generation capacity from 13GW to 14GW, with an all-time peak of 5,801.44 MW and a maximum daily energy record of 128,370.75 MWh on March 4, 2025.
Other achievements include “the stabilization of the national grid through the Siemens Project, adding over 700 MW of transmission capacity,” and “the successful mobilization of N700 billion from FAAC for the Presidential Metering Initiative, alongside a $500 million World Bank DISREP fund, which will add 3.45 million meters to the sector.”
Adelabu acknowledged ongoing challenges, particularly in distribution, where loss levels exceed regulatory limits, market remittances fall short, and customer complaints about service disruptions persist.
“Under my leadership, the Federal Ministry of Power remains fully committed to working with Distribution Companies (DisCos) to address these issues and ensure energy security nationwide,” he assured.