Nigeria Unveils Strategic Plan to Stabilize and Sustain Nigeria’s Power Sector

LAGOS, NIGERIA — The Federal Government has announced a comprehensive roadmap designed to stabilize and sustain the nation’s power sector, aiming to drive rapid economic transformation.

The Minister of Power, Joseph Tegbe, disclosed the strategy during an interactive media briefing in Lagos.

He emphasized that President Bola Tinubu’s Renewed Hope Agenda for the energy sector is on the right trajectory, driven by key initiatives meant to improve the lives of citizens.

Seeking the cooperation of the media, Tegbe described the current reforms as the dawn of a new era that will reset the sector for long-term efficiency.

Ending Estimated Billing Through Mass Metering

The Minister commended President Tinubu for prioritizing the eradication of estimated billing, a system that long eroded consumer confidence in power authorities. He highlighted the government’s aggressive push toward consumer metering as a fairer, transparent alternative.

To support this shift, the Federal Government recently trained 5,000 young Nigerians in advanced metering techniques. This recruitment drive serves a dual purpose: expanding local technical capacity and curbing unemployment. Upon completing their programmes, these trained youth will be absorbed by the Electricity Distribution Companies (DisCos).

Regulatory Changes and the Power Act 2023

A major catalyst for change is the implementation of the Power Act 2023. Tegbe explained that this legislation fundamentally decentralized the sector, allowing state governments and international investors to actively participate in energy production.

This shift has unlocked new opportunities for local innovation, healthy market competition, and private capital investment.

Infrastructure Audits and a 2060 Renewable Energy Target

To ensure grid stability, the government has launched a comprehensive technical audit of Nigeria’s transmission infrastructure. This audit is critical to preventing systemic failures and sustaining regular power supply across the country.

Looking toward the future, Tegbe reiterated Nigeria’s commitment to clean energy. The administration is targeting 40 percent of its total national power requirements to come from renewable energy sources by the year 2060.