Minister Tegbe Targets Investment in Nigeria's Energy Sector

At the NAEC Energy Conference 2026 in Lagos, the Minister of Power, Joseph Tegbe, represented by Acting Director of Press Clement Ezeorah, outlined strategies to attract investment in Nigeria's energy sector. Tegbe emphasized that the value of energy assets is realized only when they provide useful energy to paying customers.

He highlighted the need for interventions to address constraints in fuel, plant conditions, transmission, distribution, and payment. The Minister identified four key entry points for investors: restoring output from existing plants, serving industrial estates and ports, modernizing distribution infrastructure, and expanding distributed energy for productive uses.

He invited gas producers to collaborate on integrated gas-to-power projects. Tegbe also noted the rollout of approximately 350,000 meters in the last three months to improve billing accuracy.

He acknowledged ongoing challenges in collection efficiency and liquidity, particularly legacy debts from the 2013 privatization, and mentioned the introduction of a performance dashboard for service delivery assessment.