- The Presidential Power Initiative (PPI) has expanded transmission capacity by over 700MW, with an additional 7,000MW planned under Phase One.
- The Nigerian power sector reforms now include cost-reflective tariffs and liquidity measures that make the industry more viable and attractive to investors.
According to Minister of Power Chief Adebayo Adelabu, Nigeria’s power sector is witnessing major reforms to boost Distribution Companies’ (Discos) revenue to ₦2 trillion by December 2025.
The Presidential Power Initiative (PPI) has already increased transmission capacity by over 700MW, with an additional 7,000MW planned under Phase One. These efforts are improving grid stability and power supply reliability nationwide.
Moreover, the government is enforcing cost-reflective tariffs and liquidity measures to strengthen the sector’s commercial viability and attract more investors.
Through the Light Up Nigeria project, stable power reaches industrial hubs in Agbara and Enugu, enhancing productivity and supporting employment growth.
In addition, the Electricity Act 2023 empowers states to operate subnational electricity markets. This move increases competition and accountability, driving overall sector efficiency.
To reduce billing inefficiencies, the Presidential Metering Initiative (PMI)—backed by ₦700 billion—will install millions of meters in partnership with the World Bank.
Furthermore, over $2 billion in international funding supports renewable energy, off-grid expansion, and energy access programmes through collaborations with the World Bank, the Nigeria Sovereign Investment Authority’s (NSIA) Renewables Investment Platform for Limitless Energy (RIPLE) and the Japan International Cooperation Agency (JICA).
Ultimately, Adelabu emphasised that these reforms restore investor confidence, improve liquidity, and build a sustainable foundation for Nigeria’s long-term energy growth.