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Power Reforms Working – Adelabu

Nse Anthony-Uko by Nse Anthony-Uko
3 months ago
in Business
Nigerian Electricity Regulatory Commission NERC
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The minister of Power, Adebayo Adelabu, has highlighted progress in Nigeria’s power sector under the administration of Bola Ahmed Tinubu, including the attainment of the highest electricity generation level recorded to date.

Speaking at the first quarter 2026 Nigerian Electricity Supply Industry (NESI) Stakeholders’ Meeting in Lagos, the Minister praised ongoing reforms, particularly the President’s approval to settle longstanding debts owed to electricity Generation Companies (GenCos).

“We must commend President Bola Ahmed Tinubu for taking the bull by the horns and agreeing to clear the legacy debts. He deserves credit for that,” Adelabu said.

“We have also recorded the highest generation levels and improvements across other key indices in the last three years. Our reforms are yielding results, even though they take time to fully materialise.”

The Minister expressed optimism about a near-term improvement in electricity supply, noting that previously disrupted gas pipelines have been repaired, with gas supply now being ramped up to boost thermal power generation.

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“I believe we are on a positive trajectory. The current challenges will soon ease, and within the next two weeks, we expect a significant improvement as gas supply to power plants increases following the repairs,” he added.

Adelabu also urged stakeholders across the power sector value chain to strengthen collaboration and take collective responsibility for the sector’s performance.

“We must take ownership of the power sector. This is our country, and we must not be discouraged as someone has to do the job,” he said.

Earlier, chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Musiliu Oseni, commended the minister for his consistent engagement with industry stakeholders and active participation in NESI meetings.

Oseni, who chaired the meeting, emphasised a strategic shift toward proactive public engagement alongside other key sector issues.

 

Also, NERC commissioner for Legal, Licensing and Compliance, Dafe Akpeneye, also appreciated the Minister’s leadership role in guiding the sector toward improved performance.

 

The NESI quarterly meeting hosted by NERC continues to serve as a strategic platform for stakeholders to review reforms and set targets aimed at enhancing electricity service delivery across the country.

 

The quarterly NESI meeting provides a platform for stakeholders to review sector performance, evaluate ongoing reforms, and set new targets for improving electricity service delivery nationwide.

 

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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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