Adelabu to seek FEC approval for policy to improve power supply

Adebayo Adelabu, minister of power, says he has received a draft copy of the National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP) to attract investments and improve power supply.

Adelabu, who spoke on Wednesday at the official presentation of the draft in Abuja, said the policy document would be presented to the federal executive council (FEC) in six weeks.

He said the event marked a critical stage in the nation’s journey towards achieving a robust, sustainable, and inclusive power sector.

“This policy document as amended with comment and responses to be received from all stakeholders will be duly presented to the federal executive council within the next six weeks for approval,” Adelabu said.

The minister described the NIEP-SIP as a comprehensive document outlining policy interventions across the entire value chain, from generation to transmission, distribution, and off-grid segments.

Speaking on the importance of the policy, Adelabu said the aim is to achieve improved sector liquidity, create an enabling environment for investment, integrate renewable energy sources, enhance grid reliability, ensure equitable access to electricity, improve local content and capacity, and promote gender mainstreaming.

‘IMPLEMENTATION OF POLICY WILL BE TRANSPARENT’

Adelabu assured that the implementation of the policy would be transparent, accountable, and inclusive, and urged stakeholders to remain engaged and supportive.

“I want to mention the fact that the successful implementation of this policy document will be better complemented by continuous enhancement and upgrade of our grid and off-power infrastructure, and the eventual full migration of the market to a full cost-reflective tariff model, we have the consequent positive impact on the power sector,” he added.

“And this will mark a complete transformation of our overall livelihoods as Nigerians by boosting our standard of living, improving our industrialisation process, mechanised agriculture, improve maternal healthcare.”

He highlighted the collaborative and rigorous process leading up to the event, driven by the collective commitment to addressing the pressing challenges within the Nigerian Electricity Supply Industry (NESI).

The minister said the policy was the product of extensive consultations with industry experts, key stakeholders, and development partners.

Adelabu commended the contributors to the policy’s development, acknowledging their commitment and hard work in laying a strong foundation for a brighter energy future for Nigeria.

“As we move forward with the implementation of this policy, I want to assure you that we are committed to transparency, accountability, and inclusivity at every stage,” Adelabu said.

“I am confident that, with your continued support, we will achieve our goal of transforming the Nigerian power sector into one that is not only self-sustaining but also a catalyst for economic growth and social development.”

On March 11, Adelabu said the federal government plans to raise electricity from 4,000 megawatts (MW) to 6000MW within the next three to six months to improve power supply.