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FG, DisCos Meet on 24-hour Power Plan for High-demand Zones

Nse Anthony-Uko by Nse Anthony-Uko
3 weeks ago
in Business
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The minister of Power, Joseph Tegbe, has held a closed-door meeting with the leadership of select electricity distribution companies (DisCos) on the proposed Energy Zones, which are designed to deliver stable, 24-hour power supply to homes, businesses and industries in the country’s highest-demand areas.

The zones cover the Lagos axis, the Abuja-Kaduna-Kano corridor, and the Enugu-Port Harcourt axis.

Tegbe said the constraint on the power sector goes beyond generation and transmission to include how much electricity is taken up and delivered at the distribution end.

According to him, the Energy Zones are meant to close that gap, unlock commercial and industrial demand, and strengthen DisCo revenue and collections.

He also said the Federal Government is committed to building infrastructure in high-demand areas so that supply keeps pace with estimated demand in the growing economy.

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The meeting, the Minister said, reinforces the disciplined and sequenced approach to the sector’s challenges that he committed to when he assumed office. It also advances the Renewed Hope Agenda of President Bola Ahmed Tinubu, which places reliable energy at the centre of economic growth, industrialisation and job creation.

Those in attendance were the leadership of the Abuja Electricity Distribution Company (AEDC), Ikeja Electric, Eko Power, Ibadan Electricity Distribution Company (IBEDC) and Sahara Energy Group.

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Nse Anthony-Uko

Nse Anthony-Uko

Nse Anthony-Uko is a business and financial journalist with over two decades of experience covering Nigeria's financial system, economy, energy sector, corporate landscape, and global economic developments. Her expertise blends frontline journalism with editorial leadership and a strong grasp of financial market dynamics. She has earned multiple professional recognitions and was selected for the International Visitors Leadership Programme (IVLP) in the United States.

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