Federal Government On Track To Transform Power Sector
The Minister of Power, Adebayo Adelabu, affirmed the Federal Government’s commitment to revolutionizing Nigeria’s power sector during the 9th Nigeria Energy Forum (NEF 2024) conference in Lagos.
Highlighting recent achievements, Adelabu emphasized the significant increase in installed generation capacity through the commissioning of new power plants and rehabilitation of existing facilities.
“We have significantly increased our installed generation capacity by bringing new power plants online and rehabilitating existing ones,” Adelabu stated. “This has resulted in a substantial increase in the overall power supply to the national grid.”
Represented by Sunday Owolabi, Director of Renewables and Rural Development, Adelabu called for collaboration among stakeholders including government agencies, private sector partners, international organizations, and the public to sustain momentum in the sector’s transformation.
Peter Olowononi, Head of Client Relations at Anglo West Africa, AfreximBank, highlighted the institution’s pivotal role in financing energy and industrialization projects in Nigeria, including support for gas-producing companies essential to power generation.
Caroline Eboumbou, CEO of All On, outlined their mission to enhance energy access across Nigeria, particularly in the Niger Delta region, aiming to close the energy gap through sustainable initiatives.
Norway’s Ambassador to Nigeria, Svein Baera, highlighted Norway’s contributions to Nigeria’s energy sector, including initiatives like solar and battery energy deployment for supermarket chains and programs to reduce gas flaring in oil and gas installations.
