Bayo Adelabu, minister of power, says Nigerians will enjoy full and uninterrupted electricity supply before the end of President Bola Tinubu’s tenure in 2027.
At the commissioning of the Kwaru 1X15 megavolt-amperes (MVA) 33/11 kilovolt (KV) injection substation in the Ikotun-Egbe suburb of Lagos, Adelabu said Tinubu remains committed to achieving the vision within the lifetime of his administration.
At the event, held over the weekend, the minister said the president has continued to implement measures aimed at improving power generation, transmission, and distribution across the country.
“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,” the minister said.
“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”.
Beyond improving electricity supply to communities such as Abaranje, Isijola, Igando Road, Omoboriowo, Okerube, and surrounding areas, Adelabu said 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 highlighted key achievements under the Renewed Hope Agenda, including “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”.
He also said the country has attracted over $2 billion in fresh investments to expand electricity access, and moved towards full commercialisation, which increased the “sector’s revenue by 70 percent in 2024.”
Other milestones, according to the minister, include an increase in Nigeria’s installed generation capacity from 13 gigawatts (GW) to 14GW, with an all-time peak of 5,801.44 megawatts (MW) and a maximum daily energy record of 128,370.75 megawatt-hour (MWh) on March 4.
He also said the Siemens project has helped stabilise the national grid by adding over 700 MW of transmission capacity.
Adelabu said the government has successfully mobilised “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”.
However, he 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,” Adelabu said.
The minister commended Ikeja Electric for completing the substation project within 12 months.
He also praised the company’s “diligence, proper planning, stakeholder engagement, and technical expertise.”
Adelabu reiterated that the ministry of power remains committed to supporting initiatives that enhance energy reliability and affordability for all customers.
