Tinubu's Administration Commits to Power Sector Reform

On a recent occasion in Abuja, Vice President Kashim Shettima reaffirmed President Bola Tinubu's determination to reform and strengthen Nigeria's troubled power sector. Shettima declared that the administration is committed to enhancing energy security and unlocking investments through reforms.

He spoke at the commissioning of the new headquarters of the Nigerian Electricity Liability Management Company (NELMCO), describing it as a pivotal moment for the agency. The Tinubu administration aims to build a transparent and technology-driven electricity market that can drive national development.

Shettima noted that no serious nation can gamble with energy security and emphasized the importance of data-driven decision-making and strong partnerships with local and international stakeholders. Minister of Power Adebayo Adelabu highlighted ongoing reforms that have attracted $2 billion in investments and improved the sector's financial outlook, with revenues growing by 70% in 2024.

The government is also addressing long-standing issues such as the meter gap and inherited liabilities.