The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Headline News

Nigeria Needs $10bn Yearly For 20 Years To Achieve Stable Electricity – FG

The Next Edition by The Next Edition
May 15, 2025
in Headline News
Alt="Minister of Power, Mr Adebayo Adelabu"

Minister of Power, Mr Adebayo Adelabu,

0
SHARES
11
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Minister of Power, Adebayo Adelabu, has said the country needs $10 billion annually to fix the crisis in the power sector.

 

You might also like

I Nearly Contested For President After June 12 Struggle — Soyinka

FCTA To Protect Elderly People From Abuse

Researcher Develops Gender-Responsive Tool For Climate Change

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 administration has achieved by signing 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

support 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 support 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.

READ ALSO: CAN congratulates Catholic Church on election of Pope Leo XIV

“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 supports 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.

The Next Edition

The Next Edition

Recommended For You

Soyinka @ 90: Group Gathers 80 Schools Plan One Month-Long Exhibition

I Nearly Contested For President After June 12 Struggle — Soyinka

Nobel laureate, Prof Wole Soyinka, has disclosed that he almost joined the presidential race following the June 12 pro-democracy struggle. He, however, said he dismissed the idea after...

Schools Remain Closed In FCT Till Further Notice – FCTA

FCTA To Protect Elderly People From Abuse

The Federal Capital Territory Administration (FCTA) has reaffirmed its commitment to protecting elderly citizens from various forms of abuse, like neglect, physical, emotional, and financial abuse within the...

Researcher Develops Gender-Responsive Tool For Climate Change

Researcher Develops Gender-Responsive Tool For Climate Change

Dr Chinwoke Ifeanyi-Obi, a researcher and lecturer at the University of Port Harcourt, has developed a Gender-Responsive Smart Monitor (G-SMART) tool to track gender inclusion in agricultural adaptation...

Keyamo Orders Probe Of Air Peace/Oshiomhole Face-off

Keyamo Orders Probe Of Air Peace/Oshiomhole Face-off

Minister of Aviation and Aerospace Development, Festus Keyamo, has directed aviation agencies to investigate the incident involving Senator Adams Oshiomhole and officials of Air Peace Airline at Murtala...

Next Post
‘Life Shaped You Into A Beast’ – Iyabo Ojo Calls Out VDM, Blasts His Mother

IGP Re-Arraigns VeryDarkMan Over Alleged Cyberbullying of Iyabo Ojo, Tonto Dikeh




Related News

Dapchi schoolgirls: Boko Haram contacts Aisha Wakil

Dapchi schoolgirls: Boko Haram contacts Aisha Wakil

Vatican releases Pope Benedict’s ‘final message’

Vatican releases Pope Benedict’s ‘final message’

INEC Publishes Credentials Of Candidates For By-Election In Four States

INEC Publishes Credentials Of Candidates For By-Election In Four States




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited