Home News Power Minister Flags $10bn Annual Investment Need to Revive Nigeria’s Electricity Sector

Power Minister Flags $10bn Annual Investment Need to Revive Nigeria’s Electricity Sector

by Hannah
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Nigeria will need a sustained annual investment of $10 billion over the next 20 years to fix its ailing power sector, the Minister of Power, Adebayo Adelabu, has said.

Adelabu, who spoke during the unveiling of a solar hybrid power facility at the Nigerian Defence Academy (NDA) in Kaduna, stressed that decades of underfunding and neglect have left the country’s electricity infrastructure in dire condition. He emphasised that without tackling longstanding inefficiencies in maintenance and transmission, financial investments alone would be insufficient to guarantee nationwide energy stability.

The minister said recent reforms, including the decentralisation of the electricity market through new legislation, are designed to empower states to generate and manage their own power resources. Over 11 states have begun to take advantage of this framework, with more expected to follow.

According to Adelabu, improving supply to key institutions like the NDA is part of a broader strategy to build energy resilience in security and national infrastructure.

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He added that the administration remains focused on implementing long-term solutions to Nigeria’s electricity challenges, but warned that meaningful progress depends on sustained collaboration across all levels of government and the private sector.

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