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Tinubu’s electricity reforms attract $2billion investment

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By Ambrose Nnaji

The Federal Government’s power sector reforms are yielding measurable results, with over $2 billion in fresh capital flowing into the industry since the current administration took office, the Minister of Power, Chief Adebayo Adelabu, has said.

He made this known in Lagos during the PricewaterhouseCoopers (PwC’s) Annual Power and Utilities Roundtable 2025, with the theme, ‘Nigeria’s Multi-tier Electricity Market: Imperatives for Successful Evolution.’

At the heart of the power sector reform agenda is the long-standing metering crisis where, for instance, six million consumers have been metered, out of 13 million registered power consumers in Nigeria.

However, this leaves nearly half of electricity users on estimated billing, a system widely criticised as unreliable and exploitative.

To close this gap, Adelabu said the government has launched an aggressive metering rollout through two major initiatives: the Presidential Metering Initiative—backed by N700 billion to deploy 10 million meters over five years—and the $500 million District Sector Recovery Programme.

The later, according to him, will add another 3.45 million meters and introduce modern meter-data technologies for real-time monitoring. “Remote tracking of meters will improve collections, boost liquidity, and ensure that consumers pay only for what they use,” Adebola said.

The Minister also said beyond consumer-level reform, Nigeria is implementing deeper structural changes in how electricity is generated, sold, and regulated.

He stated that one of the most consequential shifts has been the decentralisation of the electricity market through the Electricity Act 2023, enabling state governments to independently generate, transmit and distribute power.

This has triggered the emergence of state-level electricity markets for the first time in history, allowing regions to design local energy solutions tailored to their economic needs.

Accompanying this shift, the Minister noted, is the development of a National Integrated Electricity Policy—approved in February 2025 after more than two decades without a sector-wide roadmap—defining the responsibilities of regulators, utilities, investors, technical operators and consumers across traditional and renewable energy sectors.

The commercialisation of the industry is also reshaping sector economics. For instance, in 2023, electricity revenue at the distribution level was about N1 trillion, by 2024, that figure had jumped to N1.7 trillion—a 70 per cent increase—with projections nearing N2.3 trillion by December 2025.

The Minister stressed that this increase is not the result of higher consumer tariffs but a strategic reallocation of spending away from diesel, petrol and generator costs toward grid-based supply.

He also said a series of technical milestones reinforces the sector’s stabilisation trajectory. He said, for instance, that installed generation capacity has risen from 13 to 14 gigawatts, and the country recorded an all-time peak generation of 5,801.44 MW, along with its highest-ever energy trading volume of 128,370.75 MWh.

Grid stability has also improved significantly after 12 system-collapse incidents in 2024. Only one collapse occurred in 2025, with power restored within hours.

Perhaps the most strategically important development is Nigeria’s first successful synchronisation of its transmission grid with the West African Power Pool.

After a failed 2007 test that lasted just seven minutes before collapse, the 2025 test held firm for over four hours, allowing seamless interconnection across 14 countries.

A final test slated to last four days could enable permanent grid integration, positioning Nigeria to export power to neighbouring countries using existing infrastructure—unlocking new sources of foreign exchange.

Still, Adelabu insists the reform journey is ongoing. He emphasised the need to strengthen regulatory capacity at both federal and state levels, refine consumer protection mechanisms, and deepen public-private partnerships.

“Nigeria’s transition to a multi-tier electricity market is not optional—it is a necessity,” he said, adding, “To build a reliable and competitive power sector, we must face our challenges directly and implement practical, realistic solutions.”

With rising investment, falling subsidy burdens, improved liquidity, growing generation capacity and state-driven market participation, Nigeria’s electricity landscape is shifting from a fragile state-owned model toward a scalable, commercially-sustainable power economy—one capable of driving industrial growth and supporting a modernising nation.

The Commissioner for Energy and Natural Resources, Lagos State, Engr. Abiodun Ogunleye, said the roundtable gathering will help shape the evolving relationship between Nigerian Electricity Regulatory Commission (NERC) and the emerging State Electricity Regulatory Commissions (SERC).

“Today, our key focus is the interaction and jurisdiction between federal and state regulatory frameworks. I believe most of us now recognise the importance of this new path, and for any who remain uncertain, I’m appealing for patience.

“Give us three years. If after that period we have not delivered meaningful impact at scale—if we have not seen visible progress—then bring forward whatever reforms or adjustments you wish. But for now, I’m asking: allow this model to run, allow it to mature, and allow it to demonstrate results.

“Yes, a multi-tier regulatory architecture will be complex and challenging at the outset. But Nigeria deserves the opportunity to try a different model—one that can break the entrenched pattern of inefficiency, stagnation, and darkness. We cannot keep doing the same thing year after year and expect transformation”, Ogunleye remarked.

Regional Senior Manager at PwC, Sam Abu, in his opening remarks, said: “We are here today because Nigeria’s power challenges are still real and unresolved. My hope is that we will one day reach a point where there is no longer a need to hold conversations about electricity—because the issues will have been solved.”

He said for nearly 15 years, this platform has convened the key players shaping Nigeria’s electricity landscape. “And today, more than ever, we are gathered not just to examine the challenges, but to chart real solutions. This year’s focus is timely, coming after the Electricity Act of 2023 — which opened a critical new chapter,” he stated.

This legislation, Abu said, represents one of the most transformative shifts: for the first time, states can build and regulate their own electricity markets. “We are moving from a single, centralised model to a dynamic, multi-layered energy ecosystem — one that can drive competition, spur innovation, and deliver meaningful service improvements,” he said.

This transition, Abu further stated, will require strong regulation, investment, and thoughtful coordination across all levels of government and industry. According to him, “If we execute this well, Nigeria stands to win immensely.”

Abu said PwC remains committed to working with governments, regulators, DisCos, investors, development partners, and private stakeholders to build a stronger electricity market.

“Nigeria’s power reform is not an instant event — it is a journey that requires vision, discipline, cooperation, and bold investment. Today’s roundtable is another step on that path, another opportunity to shape the energy future of over 200 million Nigerians — and ultimately, millions more across Africa,” he stated.

 

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NOG 2026: Nigeria to unveil first-ever gas, power infrastructure map to boost energy investment

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By Ambrose Nnaji

Nigeria is set to unveil its first-ever comprehensive Gas and Power Infrastructure Map at NOG Energy Week 2026, a landmark initiative expected to reshape investment decision-making and unlock fresh capital flows into the country’s energy sector.

The unveiling, scheduled for the 25th edition of NOG Energy Week in Abuja, marks a significant milestone in Nigeria’s efforts to provide investors, policymakers and industry stakeholders with a single, authoritative source of intelligence on the nation’s energy infrastructure.

For years, investors have cited the lack of consolidated and reliable data as a major obstacle to large-scale investment in Nigeria’s gas and power industries. The new infrastructure map seeks to bridge that gap by providing an integrated overview of critical energy assets across the country.

Developed under the Gas for Africa programme in collaboration with NNPC Limited, the publication offers the most detailed mapping of Nigeria’s gas and power ecosystem to date. It captures pipelines, gas processing facilities, power generation plants, LNG infrastructure, transmission networks and other strategic assets that underpin the country’s energy value chain.

Industry stakeholders say the initiative will improve market transparency, support project planning and provide investors with the intelligence needed to identify opportunities across the sector.

Complementing the infrastructure map is a comprehensive strategic report on Nigeria’s gas industry, described as the most extensive assessment of the sector ever assembled in a single publication.

The report adopts a full value-chain approach, examining developments in Nigeria’s gas market since 2020, the implementation of the NNPC Gas Master Plan 2026, upstream gas production trends and reserves, midstream infrastructure expansion, pipeline capacity requirements, and growth opportunities in compressed natural gas (CNG), piped natural gas (PNG) and liquefied natural gas (LNG).

It also provides detailed insights into the gas-to-power segment and the role of gas in driving industrialisation through sectors such as fertilisers, petrochemicals, methanol production and metals processing.

Together, the map and report are expected to provide investors with an unprecedented understanding of Nigeria’s energy landscape at a time when global energy markets are undergoing significant realignment.

The launch comes amid growing international demand for secure and diversified energy supplies, as geopolitical tensions and supply chain disruptions continue to reshape global energy trade patterns.

Nigeria is increasingly positioning itself as a strategic energy partner, supported by rising hydrocarbon production, ongoing gas sector reforms and major infrastructure developments across the petroleum value chain.

By translating complex infrastructure and market data into actionable intelligence, the publications are expected to strengthen Nigeria’s investment proposition and support efforts to accelerate gas development, power generation and industrial growth.

Participants attending NOG Energy Week 2026 will be the first to gain access to the infrastructure map and strategic report, providing early insights into investment opportunities as industry leaders, government officials, financiers and project developers converge on Abuja for the event.

With preparations intensifying ahead of the conference, organisers say the launch underscores Nigeria’s ambition to leverage its vast gas resources to drive economic growth, energy security and industrial transformation while reinforcing its position as a leading energy destination in Africa.

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Consumer complaints trigger FCCPC enforcement action against PWAN

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By Ambrose Nnaji

Lagos, Nigeria (VOICE OF NAIJA)-The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the Lekki office of PWAN Maxi Property and Business Solution Limited over allegations that the company failed to allocate 20 plots of land to a consumer despite receiving full payment.

The enforcement action, was carried out following an investigation by the commission into complaints of non-allocation of land and alleged non-compliance with regulatory directives.

Speaking during the exercise, the FCCPC South-West Zonal Coordinator, Olubunmi Otti, said the action was taken pursuant to Section 150(4)(a) of the Federal Competition and Consumer Protection Act (FCCPA) 2018 after the company allegedly failed to comply with a compliance notice issued by the commission.

According to Otti, the FCCPC commenced investigations in February 2025 after receiving a complaint from a consumer who alleged that PWAN had failed to allocate 20 plots of land that had been fully subscribed to and paid for.

She disclosed that the company ignored two invitations issued by the commission during the investigation process.

“Following a consumer complaint against the management of PWAN Max Property and Business Solutions Ltd for non-allocation of 20 plots of land fully subscribed to and paid for by a consumer, the commission initiated an investigation and invited the company to appear before it. However, the company failed to honour the invitations,” Otti said.

She explained that after a summons was issued, PWAN appeared before the commission, provided a witness statement and undertook to allocate the 20 plots of land and provide all relevant documentation by June 30, 2025.

However, the company allegedly failed to fulfil the commitment after the deadline elapsed.

As a result, the FCCPC issued a compliance notice in line with Section 150(1) of the FCCPA, detailing the nature of the breach, remedial actions required, timelines for compliance and penalties for failure to comply.

Otti stated that despite being duly served and granted sufficient time to address the issues raised, the company failed to comply with the notice.

“Consequently, and in direct exercise of FCCPC powers under Section 150(4)(a) of the FCCPA 2018, the commission has proceeded to seal these premises until the breach is remedied,” she said.

She emphasized that the enforcement measure is intended to protect consumers and ensure compliance with regulatory obligations rather than punish businesses.

According to her, the premises will remain sealed until the commission confirms that all outstanding obligations have been met and issues a compliance certificate.

Otti urged businesses to take compliance notices seriously and advised consumers to conduct due diligence before committing funds to property transactions.

Some affected customers who spoke during the exercise accused the company of collecting payments without providing the promised land allocations.

One of the complainants, Olamide Olagunloye, alleged that he paid a total of N1 million for a plot of land but has yet to receive allocation.

He said he initially paid N700,000 before making an additional payment of N300,000 and had repeatedly visited the office over the past three months without finding company representatives available.

Another customer, Ifeanyi Okafor, said he began making instalment payments for a land purchase after being approached by company representatives in 2018.

According to him, he eventually halted payments after becoming concerned about the process, having paid about N480,000.

Okafor said his concerns deepened after hearing similar complaints from another buyer who had purchased multiple plots and was allegedly being asked to make additional payments related to allocation.

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Nigeria, South Africa must move beyond diplomacy to strategic economic partnership – Osaghae

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By Editor

As Africa confronts growing global economic uncertainty, intensifying geopolitical competition, and the urgent need for greater continental integration, Nigeria and South Africa must elevate their relationship beyond diplomatic goodwill and historical ties to a strategic partnership capable of shaping Africa’s future, Director-General of the Nigerian Institute of International Affairs (NIIA), Professor Eghosa Osaghae, has said.

Speaking at the Nigeria-South Africa Chamber of Commerce (NSACC) Breakfast Meeting in Lagos on the theme, “Nigeria-South Africa Relations: Unlocking the Next Frontier of Strategic Partnership,” Osaghae argued that the relationship between Africa’s two largest economies carries significance far beyond bilateral interests.

According to him, the future competitiveness of the African continent will depend largely on the ability of Nigeria and South Africa to collaborate more effectively in trade, investment, innovation, security, diplomacy, and institutional development.

“These are two countries that have historically shaped African affairs,” Osaghae noted. “When Nigeria and South Africa work together, they create opportunities not only for themselves but for the entire continent.”

He observed that despite periodic tensions and policy disagreements, both countries remain indispensable partners in advancing Africa’s economic integration agenda and strengthening the continent’s voice in global affairs.

Osaghae said the African Continental Free Trade Area (AfCFTA) provides a unique platform for both countries to move from competition toward collaboration, particularly in sectors such as manufacturing, financial services, technology, telecommunications, energy, agriculture, and the creative economy.

The NIIA Director-General stressed that sustainable economic growth is driven not merely by natural resources or market size but by strong institutions, policy consistency, and the capacity to build systems that can support long-term development.

Drawing lessons from South Africa’s economic evolution and Nigeria’s entrepreneurial dynamism, he argued that Africa’s development challenge is no longer simply about creating opportunities but about building institutions capable of sustaining growth at scale.

“Nigeria possesses extraordinary entrepreneurial energy, while South Africa has developed strong institutional and corporate systems. The real opportunity lies in combining these strengths to create globally competitive African enterprises,” he said.

Osaghae also called for deeper collaboration in knowledge exchange, research, education, and policy development, noting that stronger intellectual engagement between both countries could help address common challenges ranging from industrialization and unemployment to regional security and technological transformation.

He further emphasised the need to strengthen people-to-people relations and address negative perceptions that have occasionally strained ties between citizens of both nations.

According to him, mutual understanding, cultural exchange, and stronger business networks will be critical in fostering trust and unlocking new investment opportunities.

Earlier, Chairman of the Nigeria-South Africa Chamber of Commerce, Ije Jidenma, urged both countries to strengthen economic cooperation, cultural exchange, and strategic partnerships, describing Nigeria and South Africa as indispensable pillars of Africa’s economic future.

Jidenma noted that while the relationship between both countries has historically been rooted in political solidarity, particularly during the anti-apartheid struggle, the next phase must be driven by economic collaboration and shared prosperity.

She highlighted successful cross-border investments, including the contributions of MTN, Stanbic IBTC Bank, Dangote Group, and other major African enterprises, as evidence of the opportunities that exist when businesses from both countries work together.

According to her, greater collaboration under AfCFTA, stronger investment protection frameworks, and increased support for entrepreneurs seeking to expand across borders would accelerate intra-African trade and improve investor confidence.

“We must focus on what we are doing right and build on those successes,” Jidenma said. “Nigeria and South Africa have the capacity to help reposition Africa in the global economy if we work together strategically.”

She also called for stronger media partnerships, exchange programmes, and cultural initiatives that would promote better understanding between citizens of both countries and help counter negative stereotypes.

As part of efforts to deepen commercial engagement, Jidenma disclosed plans for a business delegation to South Africa later this year, aimed at helping Nigerian businesses better understand the country’s regulatory environment, business culture, and investment opportunities.

The event brought together diplomats, business leaders, policymakers, academics, and investors who shared a common view that stronger Nigeria-South Africa cooperation remains essential to achieving Africa’s aspirations for economic growth, industrial development, and global competitiveness.

For participants, the message was clear: Africa’s future will not be built by individual nations acting alone but by strategic partnerships capable of translating shared ambitions into measurable economic outcomes.

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