Nigeria’s Minister of Power, Joseph Tegbe, has outlined plans to improve electricity supply, strengthen the national grid and attract new investment into the power sector, with a focus on three key economic corridors across the country.
Tegbe announced the roadmap while speaking at the opening of the Nigeria Energy Leadership Summit and Exhibition 2026, held at the Landmark Centre in Lagos from October 27 to 29.
The summit, themed “Strengthening Power Delivery Through Execution, Coordination and Performance,” brought together energy companies, technology providers and other industry stakeholders to discuss solutions and investment opportunities across the power and wider energy sector.
The minister said the government needed to move beyond designing reforms and focus on delivering measurable improvements in electricity supply, system performance and the financial sustainability of the sector.
He outlined four priorities: strengthening energy zones, improving the sector’s financial sustainability, making better use of existing power assets and expanding infrastructure to meet future demand.
According to Tegbe, addressing the country’s electricity challenges requires coordinated action across generation, transmission and distribution to ensure that investments lead to more reliable power for households, businesses and industries.
He identified gas supply constraints, inadequate transmission infrastructure, distribution losses and accumulated financial liabilities as some of the major obstacles affecting the sector.
To improve electricity delivery and support industrial growth, Tegbe highlighted three priority economic energy corridors: Lagos–Ogun, Benin–Enugu–Port Harcourt and Abuja–Kaduna–Kano.
The strategy is intended to align power generation with transmission capacity, distribution readiness and identifiable electricity demand in the selected corridors.
The minister also pointed to ongoing efforts to reduce technical and commercial losses through initiatives such as the Presidential Metering Initiative (PMI), the Distribution Sector Recovery Programme (DSRP) and the Meter Acquisition Fund (MAF).
On the sector’s financial challenges, Tegbe said the government was working to settle outstanding liabilities, noting that ₦1.23 trillion had been paid out of an estimated ₦3.3 trillion in legacy obligations.
He added that measures were being taken to prevent financial leakages and stop new liabilities from accumulating.
Tegbe further stressed the importance of optimising existing power-sector assets while expanding infrastructure to accommodate rising electricity demand.
He said the reforms, which align with President Bola Tinubu’s Renewed Hope Agenda, must translate into practical economic gains, including stronger industrial output, business expansion, increased investment and job creation.
The three-day Nigeria Energy Leadership Summit and Exhibition 2026 provided a platform for industry players to showcase technologies, discuss sector challenges and explore opportunities for investment across Nigeria’s energy value chain.
What do you feel about this post?
Like
Love
Happy
Haha
Sad
