The Minister of Power, Chief Adebayo Adelabu has highlighted the Federal Government’s commitment to reforming the power sector to improve electricity supply to industries and households.
At the Expert Forum on “Uninterrupted Power: The Industrial Imperative”, held on Monday, at Transcorp Hilton Hotel, Abuja, the Minister emphasised the need for strategic investments in key infrastructure to ensure stable and predictable power delivery.
Organised by the Nigeria Economic Summit Group (NESG), the forum had in attendance sector professionals, policymakers, and industry thought leaders who had gathered to reflect on pathways towards a viable and a sustainable Nigerian power sector.
Adelabu commended the NESG for its consistency and commitment in organising the summit, which he said remained a credible platform for shaping national discourse, generating practical policy recommendations, and driving reforms across key sectors of our economy.
He said: ‘We are acutely aware of the cost pressures faced by businesses as a result of inadequate and unreliable grid supply. This is why the government is prioritizing strategic investments in key infrastructure to ensure stable and predictable power delivery, particularly to commercial and industrial customers who are willing to pay for availability, reliability, and quality of supply’.
The Light Up Nigeria project, a Federal Government initiative aimed at providing reliable electricity nationwide, is beingimplemented. The project, which has already been launched in Agbara Industrial hub in Lagos State and in Enugu State, is expected to boost industrialization and economic growth.
Adelabu noted that the government is pursuing a comprehensive, multi-pronged approach to reposition the power sector for sustainability, efficiency, and growth.
‘Currently, the Federal Government is pursuing a comprehensive, multi-pronged approach to reposition the Nigerian power sector for sustainability, efficiency, and growth’, he said.
He also revealed that the federal Government has introduced targeted national programmes aimed at accelerating the viability, expansion, and modernization of the national grid.
Under the the Presidential Power Initiative, the government enhanced transmission capacity, grid stability, and overall system reliability, with over 700MW of additional transmission capacity already achieved.
The Minister expressed his expectation that the forum would produce concrete, evidence-based policy recommendations to drive reforms and unlock capital across the power value chain.
He encouraged the NESG to consolidate the forum’s outcomes into a policy memos summarising thd key consensus points and proposed follow-up actions for continued collaboration with the government.
The forum provided a platform for stakeholders to engage in discussions and provide recommendations on how to improve the power sector and drive economic growth.
