‘Fed Govt to transform power sector’

Minister of Power, Chief Adebayo Adelabu, yesterday said the Federal Government is steadfast in its mission to transform the power sector.

He spoke at the 9th edition of Nigeria Energy Forum (NEF 2024) conference in Lagos, with the theme:  ‘Energising Sustainable Industrialisation’.

The minister said over the years, “we have 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.”

Adelabu, represented by Dr. Sunday Owolabi, director, Renewables and Rural Development, called on stakeholders, government agencies, private sector partners, international organisations and Nigerians “to join them in this endeavour.”

Head, Client Relations, Anglo West Africa, Afrexim Bank, Mr. Peter Olowononi, said the bank is one of the biggest financial institutions supporting energy and industrialisation in Nigeria.

Chief Executive Officer, All On, Caroline Eboumbou, said the mission of the company was accelerating the closing of access to energy gap in Nigeria with a special focus on Niger Delta.

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.”