Minister of Power, Chief Adebayo Adelabu, said yesterday the Federal Government has been steadfast in its mission to transform the country’s power sector.
He gave this assurance at the 9th edition of Nigeria Energy Forum, NEF 2024, conference in Lagos, with the theme “Energizing Sustainable Industrialisation”.
According to the minister, over the past few years, ”We have significantly increased our installed generation capacity by bringing new power plants on line and rehabilitating existing ones. This has resulted in a substantial increase in the overall power supply to the national grid.”
The minister, who was represented by Dr. Sunday Owolabi, Director Renewables and Rural Development in the ministry, called on stakeholders, government agencies, private sector partners, international organizations and Nigerians to join them in this endeavour.
Mr Peter Olowononi, Head, Client Relations, Anglo West Africa, Afrexim Bank, said the bank was one of the biggest financial institutions supporting energy and industrialization in Nigeria.
He said: “We are also financing a lot of the oil and gas companies who produce gas required to fire some of the generation companies in the country.
”We are at the forefront of light up Africa, industrialize Africa and ensure that we are able to improve the economies of the African countries.”
Caroline Eboumbou, the Chief Executive Officer, All On, said the mission of the company was accelerating the closing of access to energy gap in Nigeria, with special focus on the Niger Delta.
According to her, this is by increasing access to commercial energy products and services for off-grid communities both under-served and unserved.
Svein Baera, Norway’s Ambassador to Nigeria, said: “We are supporting deployment of solar and battery energy for supermarket chain, Justrite, in Nigeria, and delivering an energy for development programme, for mitigating gas flaring in oil and gas installations”.
The Executive Director, Networks, Niger Delta Power Holding Company, NDPHC, Engr. Ife Oyedele, said the company had constructed 10 power plants with total planned capacity of approximately 5,000Megawatts, saying “we have undertaken over 121 transmission line and substations projects expansion works.”
The UNDP Resident Representative in Nigeria, who was represented by Muyiwa Odele, Environment Team Leader, said “unlocking Nigeria’s potential will require reliable, affordable and equitable access to sustainable energy to fully realize its full economic and industrial development potential.”
