NewStats: 3,261,639 , 8,174,593 topics. Date: Thursday, 29 May 2025 at 09:16 PM 1p3216

President Bola Tinubu has formally ratified and adopted a road map for the Nigerian Electricity Supply Industry by approving the National Integrated Electricity Policy, aimed at unlocking $122.2 billion in investments to overhaul Nigeria’s power sector.

At the Federal Executive Council meeting on Monday, Tinubu ratified the long-awaited National Integrated Electricity Policy, first submitted in December 2024, setting the stage for Nigeria to attract $122.2 billion in investments.

The policy outlines a sweeping reform agenda for the electricity sector, aligning with national development goals and global best practices, as required by Section 3(3) of the revised Electricity Act 2023.

The PUNCH had earlier reported in March that the policy seeks to secure a total investment of $122.2bn to diversify the country’s energy sources, reduce dependence on the national grid, and enhance the overall stability and sustainability of the nation’s energy infrastructure.

The amount, to be raised between 2024 and 2045, a 21-year period, is intended to ensure energy diversification from the current electricity sources of hydropower and gas-fired thermal plants.

It aims to diversify energy sources by incorporating hydrogen, solar photovoltaic technology, biomass, wind, gas projects combined with carbon capture, utilisation, and storage technologies, nuclear, concentrated solar power, and bioenergy.

It also noted that $192m would be incurred over five years (2024–2028) to boost transmission capacity nationwide.

According to a statement by the Special Adviser, Strategic Communications and Media Relations, Bolaji Tunji, quoting the Minister of Power, Chief Adebayo Adelabu, the implementation of the new electricity policy is already underway and will accelerate following the President’s approval.

He noted that the policy’s impact would soon be visible across the power sector.

He said the policy was expected to have published a comprehensive National Electricity Policy and Strategic Implementation Plan in the official gazette within one year of the Electricity Act 2023’s commencement.

The Minister said, “The Roap Policy addresses critical challenges in Nigeria’s electricity sector through a comprehensive framework for sector transformation, with clear guidelines for sustainable power generation, transmission, and distribution, as well as the integration and promotion of renewable energy sources, energy efficiency, and enhanced sector governance.”

He described the age of the Electricity Act 2023 as a pivotal moment for the electricity sector, signalling transformative change and laying the foundation for NESI, thereby enabling exponential socio-economic growth.

“This National Integrated Electricity Policy and Strategic Implementation Plan is a comprehensive roap developed to guide all stakeholders, the Federal and State Governments, market participants, investors, and indeed all Nigerians, through this transition.”

Adelabu stated that the policy’s preparation represents the collective efforts of the Ministry in collaboration with a wide cross-section of stakeholders across the public and private sectors at national and state levels, civil society organisations, academic institutions, industry leaders, donor partners, development institutions, private sector participants, and consumer advocacy groups.

The goal is to address the complex challenges facing NESI, from infrastructure deficits and inadequate capital to regulatory inefficiencies.

“The NIEP marks a significant evolution from the National Electric Power Policy of 2001, which has long been due for replacement.

“The Policy outlines various initiatives to aid the growth and development of State Electricity Markets. It fosters a decentralised but collaborative approach to energy management and resource planning.

“This policy is a living document that will evolve with the industry’s needs and challenges. It underscores the importance of collaboration, innovation, and a steadfast commitment to consumer protection and engagement.”

The policy is structured across eight chapters, which comprehensively address the historical perspective of Nigeria’s electricity sector, key features of the Electricity Act 2023, national electricity policy objectives, market design, value chain analysis, stakeholder roles and responsibilities, climate change and low-carbon economy initiatives, gender equality and social inclusion, local content development (including research and development), and the commercial, legal, and regulatory frameworks.

https://punchng.com/tinubu-unveils-122bn-plan-to-fix-nigerias-power-sector/?utm_source=telegram&utm_medium=socia

Good one.

Vision is needed.

Nigeria is not like Ghana with 25 million people, whose power issue can be solved with 1 or 2 power plants.

By 2045 Nigeria, currently at 250 million people, will be over 400 million in population, so we need a comprehensive plan to power the entire nation.

Ipob terrorists over to you. Rant as usual.

All the trillions these electricity people are billing, you mean they did not reinvest 1 naira into improving their infrastructure and increasing the electricity available? I thought FG owned a percentage and privatizing means FG will not have to invest this much in electricity? Over 100 billion dollars is more than our current external debt.

I think FG need to first meet with these private companies and have expectations of them. Seem some people are just collecting money and patching the infrastructure they met there. Don’t wait until everything collapse and they start faking surprise. Demand with what ever little ownership that they have expectations and are consistently audited.

For those of us that knew vision 2020, don't believe these lies.
Electricity is not rocket science just like our famous power minister said it. If Tinubu four years can't fix electricity to a 70% efficiency then this government is a failure.

Any government that want you to believe it will take years to fix electricity but embark on project like coastal highway way and other funny project is already a failure.
They're just trying to enrich themselves and contractors.
All sensible government will try to fix light. For over 60 years of Nigeria existence your government want you to believe by 2045 you will have constant light, they should have said that during the campaign.

If this government do not fix electricity then they should be massively voted out

Also long as government is directly involved nothing will work. The government needs to totally withdraw from the power sector and confine it's role to regulatory affairs.

Another opportunity for plunder, leaving us in a state of stupor.

Only fools will trust your government.

The plan will go the same way as Nigeria refineries. Once they finish sharing the money shikena.

Another conduit pipe to siphon public funds.

Even if Tinubu turns water to wine , at this point

We really dont care.

Release VDM.

I always think like an investor.. To get 24 hours electricity per day... Would cost 100 dollars a month average unless subsided by the government

Nigeria GDP per capita is 880 dollars... So the average earnings in nigeria can only give 9 months electricity bill payments

Why exactly would I as an investor invest billions in such an economy please

Even if you say 50 dollars per month that's half of the average Nigerians earnings per year on electricity

So it's obviously the Nigerian potential market for constant electricity is less than 5% of the population and majority of them already have 24/7 electricity via estate they live in... The rest are scattered in an unviable distribution

His own time to loot .

The era of 16 billion dollars is still fresh in our minds. This era is now $122 billion. Keep looting mr bat from hell

Tinubu till 2031

Coming from someone whose house and office is powered with solar energy

Wailing wailer whixh part of alaigbo is your souless soul wailing from ?

tollyboy5:
For those of us that knew vision 2020, don't believe these lies.
Electricity is not rocket science just like our famous power minister said it. If Tinubu four years can't fix electricity to a 70% efficiency then this government is a failure.

Any government that want you to believe it will take years to fix electricity but embark on project like coastal highway way and other funny project is already a failure.
They're just trying to enrich themselves and contractors.
All sensible government will try to fix light. For over 60 years of Nigeria existence your government want you to believe by 2045 you will have constant light, they should have said that during the campaign.

If this government do not fix electricity then they should be massively voted out

Mr President NNPCL must be probed, billions of dollars spent in the moribund refineries should be investigated and culprits unraveled, their assets seized and jailed.

$122 BILLION DOLLARS.....NA HELL FIRE DEM WAN GIVE LIGHT?

Rossikk:
Good one.

Vision is needed.

Nigeria is not like Ghana with 25 million people, whose power issue can be solved with 1 or 2 power plants.

By 2045 Nigeria, currently at 250 million people, will be over 400 million in population, so we need a comprehensive plan to power the entire nation.

Oga shut up... Stop ing pple who don't like u

Why is no president or politician thinking of building another kanji dam altogether

Obviously Nigeria needs at least 5 to 10 of kanji dam but our leaders are just looking for small and less than enough alternatives

Billions waiting to be looted.
My oga Tinubu, I see you and what you're doing sir.
Well done o

The last was $16Billion, This one na $122 Billion.
Ile to kun, enu to fe. People wey wan chop money don plenty.

Electricity is a major dark hole for gulping money by politicians in this country.

At the end, nah story dem go give us on how the people needed to build their personal generating station and transmission lines instead of leaving it to the government.

Government of nothingness

bjdon:
Also long as government is directly involved nothing will work. The government needs to totally withdraw from the power sector and confine it's role to regulatory affairs.

Exactly. All these so called billions wont work. They should hands off completely. Not the current sakamanje one they said they did. Wè dont want to see their faces in power again.

With government still there like the above,wè wont have stable power anytime soon.

Cash out

"if I don't give you electricity, don't vote for me in 2027." ...Tinubu in 2023.
Desperation with another $120 billion public funds to be either wasted or squandered in the next two years.
How much did Raji Fashola put into supply of electricity? Fashola is Tinubu's political ideologue behind the scenes.

Another grand plan to latch unto our collective patrimony

This is a massive cashout season for agbadorians, but I am not sure their dregs on Nairaland will benefit from this largesse

Hmm...but APC has not successfully executed any project

Hmm 🤔 this headline reads like

Tilumbu reveals $122 Billion USD plan to use tax payers sweat and emPOWER only his cronies

A very apt and wonderful headline isn't it Nigerians that believe our power sector can be fixed by a government that laughed at someone who went to understudy theirs in Egypt should have his/her brains scanned asap

They are full of promises, but no action. Iam on Banditry A, Light can have Technical issues for days, but, only collecting our money.

Government of propaganda.

Tinubu 'unveils' plan and that is news.

Very soon we'll be hearing news about Tulumbu's drug-ravaged thoughts, numerous nightmares and hallucinations.

APC e-rats on overdrive since the days of the long-necked Mistake of Daura.

Nonsense and rubbish.