Nigeria Seeks $100 Billion Investment for Power Sector

The Federal Government of Nigeria disclosed a requirement for $100 billion in combined investments from both government and private sectors across the power sector value chain to achieve reliable round-the-clock electricity supply. Speaking at a press conference in Abuja on Thursday, Minister of Power Adebayo Adelabu acknowledged a recent drop in electricity supply nationwide and promised swift corrective measures.

He emphasized that the $100 billion investment is not an underestimation, with an estimated 20,000 megawatts of power generation requiring approximately $30 billion. The minister noted significant milestones achieved under the current administration, including a peak generation of 6,001 megawatts in April 2025 and a target of 15,000 megawatts within three years.

Adelabu also addressed the impact of gas supply constraints on power generation and outlined a phased approach to upgrade infrastructure, aiming for 24/7 electricity coverage and a gradual expansion of consumer access.