Nigeria plans to strengthen its electricity grid, expand transmission capacity and attract fresh investment to address power supply challenges, Power Minister Joseph Tegbe said.
Speaking at the opening of the Nigeria Energy Leadership Summit at the Landmark Centre in Lagos, Tegbe outlined four priorities: developing energy zones, improving sector liquidity, optimising existing assets and expanding infrastructure to meet future demand.
He said reliable electricity supply would require coordinated action to address constraints across generation, transmission and distribution.
The government intends to prioritise three economic energy corridors where demand is highest: Lagos-Ogun, Benin-Enugu-Port Harcourt and Abuja-Kaduna-Kano.
Tegbe said the approach would align generation capacity with transmission infrastructure and distribution readiness to improve electricity delivery to households, businesses and industries.
On financing, he said the government was accelerating efforts to settle outstanding liabilities that had weakened the electricity market.
Of an estimated 3.3 trillion naira in legacy debt owed to operators, 1.23 trillion naira had been paid, he said, adding that measures were being taken to curb revenue leakages and prevent new debts from accumulating.
The government is also seeking to reduce technical and commercial losses through the Presidential Metering Initiative, the Distribution Sector Recovery Programme and the Meter Acquisition Fund, he said.
Tegbe said the reforms, which align with President Bola Tinubu’s Renewed Hope Agenda, must translate into measurable improvements in electricity supply to support industrial productivity, business growth and job creation.
The summit’s theme is “Strengthening Power Delivery Through Execution, Coordination and Performance”.
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