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Nigeria Needs $10bn Yearly For 20 Years To Achieve Stable Electricity - FG - Politics - Nairaland 384x5w

Nigeria Needs $10bn Yearly For 20 Years To Achieve Stable Electricity - FG (10701 Views)

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ExAngel007(f): 3:02pm On May 14
The Minister of Power, Adebayo Adelabu, has said the country needs $10 billion annually to fix the crisis in the power sector.

The Minister spoke on Tuesday, May 13, at the commissioning ceremony of the phase 1-600kw Solar pv power plant at the Nigerian Defence Academy (NDA), Kaduna.

He said: “For us to achieve functional reliable and stable electricity in Nigeria we need not less than $10 billion annually for the next ten to twenty years. But there are some foundational bottlenecks that we experienced in the past that need to be fixed for the spending of this money to have meaning.

“Number one is the legislative and policyfoundation which this istration has achieved by g the energy bill into an act.

This bill has achieved liberation and decentralization of the power sector to enable all levels of government federal State and local government to legally and morally play roles in the power sector to give their citizens at sub national levels. This has given autonomy to more than eleven States and more are still coming.

They can now play roles in the power from generation to transmission to distribution and even metering.

“Secondly, we talk about infrastructure deficit, then we talk about fixing infrastructure deficit which has piled up over the last 60 years due to nlack of maintenance, lack of additional investment to revive our transmission grid.”

The Minister also emphasised the need to bridge over 50 per cent metering gap which he said the Presidential initiative aims to achieve through 18 million meter installation in the next five years.

Earlier, while addressing military officers at theiNDA, Adelabu said: “I stand before you today atthis significant occasion, the commissioning of the 600kW and 3MW Solar PV Power Plant here at the prestigious Nigerian Defence Academy.iij

“These projects, implemented by the Federal Ministry of Power and the Rural Electrification Agency not only underscores our commitment to improving electrification across key institutions in Nigeria but it is also part of our broader mandate to diversify our energy sources, expand access to clean and reliable electricity, and
critical sectors of our national development, including education and security.

“As an institution that combines academic rigour with military excellence, the Nigerian Defence Academy represents a strategic national assetthat must be strengthened through sustainable infrastructure.

“Powering the Academy with renewable energy aligns with our vision for a secure, self-reliant, and energy-efficient Nigeria. It also reflects our commitment to President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizesaccelerated national development throughuniversal energy access.

“Importantly, this project also allows us to reflect on the enduring partnership between the Nigerian power sector and the Nigerian Armed Forces. I wish to specially commend and thank the military for its consistent in protecting critical power infrastructure across the country. Without your steadfast commitment, our efforts to deliver stable and reliable electricity would be significantly constrained.

“Your role is becoming even more indispensable, given the rising cases of vandalism on critical power assets and attacks on power sector personnel across the country. As part of effort to address this problem, we urge the continued collaboration of the Nigerian Armed Forces in safeguarding the sector’s infrastructure and
workforce.

“As we deepen this collaboration, it is essentialthat our partnership is rooted in mutual respect and understanding. Recent developments, such as thedregrettable incident involving military personnel and staff of Ikeja Electric, are unfortunate and counterproductive. Such actions undermine the progress we all seek to achieve and should be avoided.

“The power sector and the military are not on opposing sides; we are allies in the pursuit of national development. Our shared objective is a Nigeria where sustainable electricity supply s growth, security, and prosperity for all.

As we commission these power plants today, let it stand not only as a symbol of clean energy advancement but also as a sign of further cooperation between the Nigerian Power Sector and the Nigeria military,” the minister said.

https://www.lindaikejisblog.com/2025/5/nigeria-needs-10billion-yearly-for-20-years-to-achieve-stable-electricity-power-minister-says-2.html

fuckingAyaya(m): 3:31pm On May 14
Even if they give u and your boss 100billion monthly for electricity you won't achieve anything because y'all are corrupt and bereft of ideas

189 Likes 14 Shares

lebete3000: 3:36pm On May 14
ExAngel007:
The Minister of Power, Adebayo Adelabu, has said the country needs $10 billion annually to fix the crisis in the power sector.


The Minister spoke on Tuesday, May 13, at the commissioning ceremony of the phase 1-600kw Solar pv power plant at the Nigerian Defence Academy (NDA), Kaduna.

He said: “For us to achieve functional reliable and stable electricity in Nigeria we need not less than $10 billion annually for the next ten to twenty years. But there are some foundational bottlenecks that we experienced in the past that need to be fixed for the spending of this moneyto have meaning.


“Number one is the legislative and policyfoundation which this istration has achieved by g the energy bill into an act.


This bill has achieved liberation and decentralization of the power sector to enable all levels of government federal State and local government to legally and morally play roles in the power sector to give their citizens at sub national levels. This has given autonomy to more than eleven States and more are still coming.


They can now play roles in the power from generation to transmission to distribution andceven metering.


“Secondly, we talk about infrastructure deficit, then we talk about fixing infrastructure deficit which has piled up over the last 60 years due to nlack of maintenance, lack of additional investment to revive our transmission grid.”


The Minister also emphasised the need to bridge over 50 per cent metering gap which he said the Presidential initiative aims to achieve through 18 million meter installation in the next five years.


Earlier, while addressing military officers at theiNDA, Adelabu said: “I stand before you today atthis significant occasion, the commissioning of the 600kW and 3MW Solar PV Power Plant here at the prestigious Nigerian Defence Academy.iij

“These projects, implemented by the Federal Ministry of Power and the Rural Electrification Agency not only underscores our commitment to improving electrification across key institutions in Nigeria but it is also part of our broader mandate to diversify our energy sources, expand access to clean and reliable electricity, and
critical sectors of our national development, including education and security.


“As an institution that combines academic rigour with military excellence, the Nigerian Defence Academy represents a strategic national assetthat must be strengthened through sustainable infrastructure.


“Powering the Academy with renewable energy aligns with our vision for a secure, self-reliant, and energy-efficient Nigeria. It also reflects our commitment to President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizesaccelerated national development throughuniversal energy access.


“Importantly, this project also allows us to reflect on the enduring partnership between the Nigerian power sector and the Nigerian Armed Forces. I wish to specially commend and thank the military for its consistent in protecting critical power infrastructure across the country. Without your steadfast commitment, our
efforts to deliver stable and reliable electricity would be significantly constrained.


“Your role is becoming even more indispensable, given the rising cases of vandalism on critical power assets and attacks on power sector personnel across the country. As part of effort to address this problem, we urge the continued collaboration of the Nigerian Armed Forces in safeguarding the sector’s infrastructure and
workforce.


“As we deepen this collaboration, it is essentialthat our partnership is rooted in mutual respect and understanding. Recent developments, such as thedregrettable incident involving military personnel and staff of Ikeja Electric, are unfortunate and counterproductive. Such actions undermine the progress we all seek to achieve and should be avoided.



“The power sector and the military are not on opposing sides; we are allies in the pursuit of national development. Our shared objective is a Nigeria where sustainable electricity supply s growth, security, and prosperity for all.


As we commission these power plants today, let it stand not only as a symbol of clean energy advancement but also as a sign of further cooperation between the Nigerian Power Sector and the Nigeria military,” the minister said.


https://www.lindaikejisblog.com/2025/5/nigeria-needs-10billion-yearly-for-20-years-to-achieve-stable-electricity-power-minister-says-2.html

Hanhan!!!

1 Like

Firebox123(m): 4:04pm On May 14
lebete3000:


Hanhan!!!
stable power supply here at Egbin ijede ikorodu

2 Likes

Reflect7: 4:24pm On May 14
fuckingAyaya:
Even if they give u and your boss 100billion monthly for electricity you won't achieve anything because y'all are corrupt and bereft of ideas

If they give you common LGA chairmanship, nobody will see you on Nairaland again, and you will turn big man overnight with the peoples’ money.

You are all loud and radical until you see budget billions staring you in the face.

19 Likes 8 Shares

humberjade: 7:49pm On May 14
The ones we have been spending since the days of Obasanjo till date wetin we use am achieve? Bunch of clueless and thieving leaders. grin

41 Likes 1 Share

crossfm: 7:49pm On May 14
Hehehe.

This guy, even if they give him the whole Nigeria budget,he won't still deliver.

You can't build on nothing. These guy is not fit for this position.

62 Likes 4 Shares

Spursy(m): 7:49pm On May 14
Ole!
Ole!!
Ole!!!

37 Likes 1 Share

udemzyudex(m): 7:49pm On May 14
Is that what Egypt you all want to emulate did to achieve theirs?

26 Likes

SlavaUkraini: 7:49pm On May 14
Criminal Statement from a Criminal....

$10bn that you plan to Embezzle with nothing to show for it...

Go and Learn from Ghana...

They are not receiving that much on a yearly basis but have celebrated more than 2 decades of constant power supply.

Criminal Minister

58 Likes 2 Shares

Belcon(m): 7:50pm On May 14
Laugh 😂 want tear my belle

19 Likes

AllBlack: 7:50pm On May 14
All these problems exist and government is yet to find solutions but we are already paying for epileptic BAND A

and even expecting tariff increase

13 Likes

unclejb2(m): 7:50pm On May 14
There is actually no plan for electricity in Nigeria.

Imagine what this 1diot is saying.

Solar is the way forward here

36 Likes 1 Share

Bonijy04: 7:50pm On May 14
Ole

2 Likes

okeyfx(m): 7:50pm On May 14
There is no 10 billion dollars to loot for ten years, you have to create it Mr. minister.

5 Likes 1 Share

Karosky555: 7:51pm On May 14
Can you imagine the audacity 😒 🙄

13 Likes 1 Share

victorazyvictor(m): 7:51pm On May 14
Thief!

When incompetents rules.

13 Likes

DrAda(f): 7:51pm On May 14
I am just sick of our incompetent leaders

13 Likes

Racoon(m): 7:51pm On May 14
Another crooked criminal telling lies. Very stupid incompetent mofos destroying this nation.

9 Likes 1 Share

affable4(m): 7:51pm On May 14
This guy has a thing with calling huge amounts of money but zero knowledge in explaining comprehensive details.

After stating the amount needed, he went ahead to address other issues, instead of telling us what the money will be used for.

18 Likes 3 Shares

havenz(m): 7:51pm On May 14
Who's this modified criminal?

9 Likes

Xox1945(m): 7:52pm On May 14
Thieves

3 Likes 1 Share

Emeskhalifa(m): 7:53pm On May 14
So how do you intend to get that money?

3 Likes

Sapeleboy911(m): 7:53pm On May 14
Was this guy's ministerial job threatened? He is becoming very vocal lately, albeit with gibberish utterances.

3 Likes

Wimkeh(m): 7:54pm On May 14
He just told you guys that it’ll be impossible to achieve 24/7 electricity

18 Likes 1 Share

ironheart(m): 7:54pm On May 14
Tell us another story,

you said they should remove subsidy from electricity, they did.

you said they should increase tariff, they did

Yet, electricity supply keeps getting worst.

Why should government invest such a huge amount into a privately owned entity?

12 Likes 1 Share

DesChyko: 7:54pm On May 14
Was that how Egypt achieved theirs?

12 Likes 1 Share

abdsamad(m): 7:54pm On May 14
Yes, this is exactly the kind of mentality we need here.
BTW, that's called projection; assuming other people act and think like you do in a given circumstance.
In all likelihood, you know with certainty that you will steal when it's your turn to lead.
Not everyone will
Reflect7:


If they give you common LGA chairmanship, nobody will see you on Nairaland again, and you will turn big man overnight with the peoples’ money.

You are all loud and radical until you see budget billions staring you in the face.

2 Likes

layzie: 7:54pm On May 14
Unbottle the legislative bottle necks, empower states and the private sector to generate and distribute what they have generated. Let the race begin between states. Let the competition begin also between power companies. Just decentralise this whole thing

3 Likes

lexy2014: 7:55pm On May 14
Reflect7:


If they give you common LGA chairmanship, nobody will see you on Nairaland again, and you will turn big man overnight with the peoples’ money.

You are all loud and radical until you see budget billions staring you in the face.

how does that negate what he said
fuckingAyaya:
Even if they give u and your boss 100billion monthly for electricity you won't achieve anything because y'all are corrupt and bereft of ideas

was tinubu not loud and radical when jonathan was president?

5 Likes

chidi2003(m): 7:55pm On May 14
Reflect7:


If they give you common LGA chairmanship, nobody will see you on Nairaland again, and you will turn big man overnight with the peoples’ money.

You are all loud and radical until you see budget billions staring you in the face.
But, Fashola promised us in re-election campaign of 2015 election, of steady power supply in six months - if APC - ever got elected; what changed?

5 Likes 1 Share

Typing: 7:55pm On May 14
Tinubu's Government will always LIE over their incompetency. Give Tinibu 10 Trillion dollars he still won't achieve anything. The worst President Nigeria ever had

9 Likes 1 Share

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