HeadlineNews

FG unveils electricity policy to boost power supply

The Minister of Power, Adebayo Adelabu, has formally unveiled the Nigeria Integrated Electricity Policy in Abuja.

According to a statement made available to newsmen, the policy, developed through a collaborative effort involving local and international stakeholders, aims to establish a sustainable and inclusive electricity sector in Nigeria.

The unveiling, organised by the Federal Ministry of Power with support from the UK Foreign, Commonwealth and Development Office (FCDO) through the United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF), also saw the official presentation of the Nigeria Integrated Resource Plan (NIRP) 2024.

The event was attended by ministers, members of the Interministerial Power Sector Group, donor partners, and private sector executives.

According to the minister, the NIEP and NIRP 2024 represent critical milestones in Nigeria’s electricity reform journey, demonstrating the country’s commitment to evidence-based planning and sustainable energy development.

The NIEP was developed with the support of power sector professionals and donor partners, including the African Development Bank, the World Bank, the United Nations Development Programme, the Deutsche Gesellschaft für Internationale Zusammenarbeit, the Tony Blair Institute, and UKNIAF.

The statement noted that since January 2022, the FCDO, through UKNIAF, has provided critical technical support to the Federal Ministry of Power and the Nigerian Electricity Regulatory Commission in the development of the NIRP.

This effort has ensured a data-driven approach to addressing Nigeria’s power sector challenges, reinforcing the UK government’s long-standing commitment to strengthening the sector and fostering an enabling environment for private sector participation.

The Power Component Lead at UKNIAF, Frank Edozie, described the initiative as a game-changer for Nigeria’s electricity industry.

 

Share this:

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also
Close