The Honourable Minister of Energy, Joseph Tegbe, has defined a roadmap to stabilise Nigeria’s electrical energy grid, amplify transmission capability and draw in recent funding into the field.
He spoke on the opening of the Nigeria Power Management Summit 2026 on the Landmark Centre, Lagos, themed “Strengthening Energy Supply Via Execution, Coordination and Efficiency.”
In his cope with, Tegbe stated the concern will have to shift from designing reforms to handing over measurable enhancements in electrical energy provide, device efficiency and marketplace sustainability.
He defined 4 cardinal priorities: bettering power zones, strengthening sector liquidity and sustainability, optimising current property, and increasing infrastructure to satisfy long run call for. The framework is designed to deal with constraints throughout technology, transmission and distribution, making sure that investments translate into extra dependable electrical energy for families, companies and industries.
The minister recognized gasoline provide constraints, overstretched transmission infrastructure, distribution losses and amassed sector liabilities as main demanding situations requiring coordinated motion.
To fortify electrical energy supply, Tegbe recognized 3 precedence financial power corridors: Lagos–Ogun, Benin–Enugu–Port Harcourt, and Abuja–Kaduna–Kano. The method seeks to align technology, transmission infrastructure, distribution readiness and identifiable call for to fortify electrical energy supply and make stronger commercial productiveness.
Tegbe additionally highlighted projects to cut back technical and industrial losses, together with the continuing implementation of the Presidential Metering Initiative (PMI), the Distribution Sector Restoration Programme (DSRP) and the Meter Acquisition Fund (MAF).
He stated the federal government used to be running to unravel legacy sector liabilities and had paid ₦1.23 trillion out of an estimated ₦3.3 trillion, whilst blocking off monetary leakages to forestall new liabilities from collecting.
He additionally emphasized the want to optimise current power-sector property and amplify infrastructure to deal with long run call for.
Tegbe stated the reforms, aligned with President Bola Ahmed Tinubu’s Renewed Hope Schedule, will have to in the long run ship tangible financial advantages by means of supporting commercial productiveness, industry enlargement, funding and task introduction.
The Nigeria Power Management Summit and Exhibition 2026, which runs from October 27 to 29, brings in combination power firms, generation suppliers and trade stakeholders to show off answers and discover funding alternatives around the continual and wider power worth chain.