Power Minister Bayo Adelabu has claimed that before President Bola Tinubu’s term ends in 2027, Nigerians will have access to a continuous and reliable electricity supply.
Adelabu stated at the commissioning of the Kwaru 1X15 megavolt-ampere (MVA) 33/11 kilovolt (KV) injection substation in Lagos’ Ikotun-Egbe neighbourhood that Tinubu is committed to realising the objective during his administration’s tenure.
At the weekend event, the minister stated that the president has continued to adopt measures to improve power generation, transmission, and distribution throughout 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 boosting energy supplies to villages such as Abaranje, Isijola, Igando Road, Omoboriowo, Okerube, and the surrounding areas, Adelabu stated that the project would have far-reaching economic advantages for Lagos state.
“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 says key reforms under the Renewed Hope Agenda, including the Electricity Act 2023, have decentralised the power sector and activated 12 state electricity markets.
He announced over $2 billion in new investments and a 70% revenue increase in 2024, alongside a rise in installed generation capacity to 14GW and a record daily energy output of 128,370.75MWh.
He also highlighted progress on grid stability through the Siemens project, which added 700MW transmission capacity, and funding for 3.45 million meters via N700 billion from FAAC and a $500 million World Bank loan. Despite these strides, challenges remain in distribution, with high losses, poor remittances, and ongoing service 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,” Adelabu said.
The minister praised Ikeja Electric for completing the substation project in just 12 months.
He also applauded the organization’s “diligence, proper planning, stakeholder engagement, and technical expertise.”
Adelabu underlined that the ministry of electricity is still committed to supporting measures that improve energy dependability and affordability for all customers.
