Tag: Minister of Power

Minister’s 2-week pledge fails to end ongoing power crisis 

Aminu Imam
Power minister’s pledge fails

Two weeks after the Minister of Power, Adebayo Adelabu, assured citizens of improved electricity supply, power generation in Nigeria remains below expectations, as ongoing gas shortages, load rejection, and infrastructure challenges continue to strain the national grid. The CEO of the Association of Power Generation Companies (GenCos), Joy Ogaji, said the gas companies have told GenCos that they would no longer supply gas to thermal plants unless payments were made. Although there have been slight gains, supply has largely stayed between 3,000 and 4,000 megawatts, leaving many households and businesses…

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Adelabu resigns as Power Minister, to focus on governorship ambition

Aminu Imam
Adelabu resigns

Minister of Power, Adebayo Adelabu, has officially resigned from his position in President Bola Tinubu’s administration to pursue his ambition of contesting for the governorship of Oyo State. Adelabu, a former deputy governor of the Central Bank of Nigeria, communicated his decision in a resignation letter dated March 26, 2026, addressed to President Tinubu, via the Secretary to the Government of the Federation (SGF). In the letter, he expressed gratitude to the President for the opportunity to serve in the cabinet and contribute to reforms in the country’s power sector.…

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Tinubu unveils ₦4tr bond, $2bn, China loan to reboot Nigeria’s power sector

Aminu Imam
FG unveils bond, China loan

…“Reforms, super grid, industrial power projects to end chronic outages” – Adelabu The Federal Government has announced sweeping financial and infrastructural interventions to overhaul Nigeria’s electricity sector, including a ₦4 trillion bond to clear outstanding debts to power generation companies (GenCos) and gas suppliers, as well as plans for a $2 billion loan from China’s Exim Bank to build a nationwide ‘super grid’. Minister of Power, Chief Adebayo Adelabu, disclosed this on Monday in Abuja at the Expert Forum on: ‘Uninterrupted Power: The Industrial Imperative’, organised by the Nigerian Economic…

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Tinubu to meet GenCos leadership over ₦4tr debt – Minister

Aminu Imam
IMG 20250504 WA0011

Minister of Power, Adebayo Adelabu, has said that a meeting has been scheduled between President Bola Tinubu and the leadership of the Power Generation Companies (GenCos) over a ₦4-trillion debt. Adelabu said that the meeting was scheduled with a view to finding a common ground to settle the debt owed the GenCos. Special Adviser, Strategic Communications and Media Relations to the minister of power, Bolaji Tunji, who disclosed this in a statement in Abuja yesterday, assured that the Federal Government would immediately pay a significant portion of the debt, while…

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Power Minister outlines fresh plans to raise electricity tariffs 

Aminu Imam
Electricity hike

The Federal Government has disclosed that it wants to attract up to $15 billion in private investments into the power sector.  The Government also unveiled plans to increase the electricity tariff for Nigerians, to reflect the full cost Nigerian government still spends trillions of naira on energy subsidy despite removing subsidy for Band-A subscribers last year. Although the Government removed subsidies for about 15% of urban households last year, tripling tariffs, authorities still spent N2.2 trillion on subsidies. However, the Government’s new plan aims to implement full-cost tariffs by 2027…

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“WeII restore North’s electricity within 5 days” Power Minister, Adelabu assures

Aminu Imam
Power Minister, Adelabu assures

Minister of Power, Adebayo Adelabu, has assured that in the next five days, electricity would be restored to the 17 northern States suffering blackout due vandalisation of the Shiroro-Kaduna transmission line. The Minister gave the assurance yesterday, while briefing State House correspondents after a meeting with President Bola Tinubu. According to him, the vandalized transmission line would be repaired within three to five days. He said that the President had already instructed the National Security Adviser, (NSA) and security chiefs to provide the required security for the people that will…

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‘Ten national power plants operating at 10% capacity’ – Adelabu

Aminu Imam
Power Plant

Minister of Power, Adebayo Adelabu, has revealed that ten power plants in Nigeria are operating below 10 percent, talking to the infrastructural challenges in the sector. Adelabu made this statement at the BusinessDay Conference, in Lagos, with the theme: Powering Nigerias Energy Future: Addressing Infrastructural Challenges for Sustainable Energy Development. He expressed surprise at the under-utilisation of the facilities, which he said have the potential to generate significantly more electricity. The Minister identified two key factors limiting power generation: low gas supply and unpaid debts. Gas shortages prevent plants from…

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Just In! Private jet carrying Minister of Power crash-lands at Ibadan Airport

Aminu Imam

An incident occurred yesterday night near the Ibadan Airport in Oyo State, involving an aircraft carrying the Minister of Power, Adebayo Adelabu, along with several of his aides. it is currently unknown whether the .inister or anyone else on board sustained any injuries during the crash-landing. The aircraft, which had reportedly departed from Abuja, was identified as a chartered HS 125, with the registration number 5N-AMM, from Flint Short Aero. Prior to the incident, the aircraft had requested and was granted an extension by the Nigerian Airspace Management Agency (NAMA),…

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Well revoke licences of underperforming DisCos, GenCos Minister

Aminu Imam

The Federal Government has revealed that it has no intention of renewing licensing agreements for underperforming electricity distribution and generation companies (GenCos & DisCos) in Nigeria. The Minister of Power, Adebayo Adelabu disclosed this yesterday, while speaking during the commencement of the three-day inaugural Nigerian Electricity Supply Industry, NESI, Market Participants and Stakeholders Roundtable (NMPSR) in Abuja. He expressed regret over the fact that, a decade after the privatisation of the power sector in November 2013, the operators have been unable to fulfill the set objectives. Adelabu insisted that for…

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Expect improved power supply as from 6 months – Power Minister Adelabu to Nigerians

Aminu Imam

Minister of Power, Adebayo Adelabu, says Nigerians will start witnessing improved electricity supply between six months and one year. Adelabu, who was one of the 45 ministers inaugurated by President Bola Tinubu on Monday, stated this to journalists on Friday at the Ladoke Akintola Airport, in Ibadan, the Oyo State capital, The Renewed Hope minister acknowledged that the task ahead may be daunting but not insurmountable. We know it is not something that is achievable overnight; but we believe that once the foundation is laid, others can also build on…

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