The Minister of Power, Bayo Adelabu, has assured Nigerians that they will experience consistent and uninterrupted electricity supply before the conclusion of President Bola Tinubu’s administration in 2027.
Speaking at the commissioning of the Kwaru 1X15MVA 33/11KV injection substation in Ikotun-Egbe, Lagos, Adelabu reaffirmed the president’s commitment to achieving this goal within his current term.
He highlighted Tinubu’s ongoing efforts to boost power generation, transmission, and distribution nationwide.
“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,” Adelabu stated.
He explained that the federal government’s multi-faceted approach to reforming the sector is already yielding significant results.
Beyond enhancing power supply to communities like Abaranje, Isijola, Igando Road, Omoboriowo, and Okerube, Adelabu noted that the substation project would significantly benefit Lagos State’s economy by easing operational challenges, supporting small and medium-sized enterprises (SMEs), spurring growth, and creating employment.
The minister outlined notable accomplishments 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 mentioned that Nigeria has secured over \$2 billion in new investments to widen electricity access, moved toward full commercialisation, and recorded a 70% increase in sector revenue in 2024.
Additional milestones include the rise in installed generation capacity from 13GW to 14GW, an all-time peak of 5,801.44MW, and a record maximum daily energy supply of 128,370.75MWh achieved on March 4.
The Siemens project, he noted, has contributed over 700MW to transmission capacity, helping stabilise the national grid.
Adelabu further revealed that the government has raised “N700 billion from FAAC for the Presidential Metering Initiative, alongside a \$500 million World Bank DISREP fund,” to supply 3.45 million additional meters.
Despite these gains, he acknowledged persistent challenges in distribution, including high loss levels, inadequate market remittances, and continued customer complaints.
“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 said.
Adelabu also commended Ikeja Electric for completing the substation project within a year, praising the company’s effective planning, stakeholder coordination, and technical expertise.
He reiterated the ministry’s commitment to backing initiatives that improve the reliability and affordability of electricity for all Nigerians.