FG to inject $2.3 billion into power transmission revamp – Minister Adelabu

DDM News

The Federal Government is securing $2.3 billion to overhaul Nigeria’s power transmission network, according to Minister Adebayo Adelabu.

In a press statement released Sunday, as gathered by Diaspora Digital Media (DDM), Adelabu highlighted improvements in the power sector under President Bola Tinubu’s administration.

He said notable progress has been made in expanding energy access and improving the national power transmission infrastructure.

Adelabu explained that off-grid solutions are now reaching rural and semi-urban areas previously underserved or completely unserved.

He emphasized the use of solar energy and small hydro dams to provide electricity in these locations.

“These efforts have expanded our generation capacity,” he said, referring to the progress in rural electrification.

He added that the Presidential Power Initiative (PPI), also known as the Siemens Project, is central to transmission reform.

The project is backed by Germany, with Siemens handling critical aspects of the country’s power infrastructure upgrades.

“We’re securing $2.3 billion in financing to transform the transmission segment,” Adelabu noted during the press briefing.

He said the pilot phase of the Siemens Project is nearly complete, with transformers and mobile substations installed nationwide.

“About 90 percent of the installations are done, and they’re now operational,” he revealed.

This, according to Adelabu, has added over 700 megawatts to Nigeria’s transmission capacity.

He stated that the improvements have stabilized the national grid significantly.

“In the past, the grid collapsed once supply hit 5,000 megawatts,” he explained.

Now, Nigeria maintains averages between 5,000 and 8,000 megawatts without instability.

He attributed this achievement to the government’s strategic interventions and reforms.

Adelabu said Chinese firms are also being engaged to implement distribution projects in key areas.

He emphasized that this government has recorded historic achievements in the power sector.

Nigeria recently achieved its highest daily power consumption of over 20,000 kilowatt hours.

It also transmitted and distributed a record 5,801.63 megawatts of energy.

Additionally, the country’s generation capacity hit 6,003 megawatts — the highest in its history.

“These results show that activity leads to progress,” Adelabu said.

He credited the Electricity Act 2023, signed by President Tinubu, as a foundation for these transformations.

The Act allows states and private investors greater participation in power generation and distribution.

Adelabu concluded that Nigeria is on track to achieving stable and sustainable electricity for its citizens.

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