The minister of power, Adebayo Adelabu, will present the “Zero Draft Integrated National Electricity Policy to the FEC for approval in six weeks time.
He spoke during the official presentation of the zero draft of the National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP) in Abuja.
He said: “This policy document as amended with comment and responses to be received from all stakeholders will be duly presented to the Federal Executive Council within the next six weeks for approval.”
He assured the stakeholders that the ministry is committed to transparency, accountability, and inclusivity at every stage of the process.
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Adelabu said the success of the policy will require the continued collaboration of all stakeholders.
He urged everyone to remain engaged and supportive as the team works together to realize the objectives of policy.
The minister said the successful implementation of the policy will be better accompanied by continuous enhancement and upgrade of national grid infrastructure.
He added that the successful implementation will also result in the eventual complete migration to a full-cost -reflective tariff model.
His words: “I want to mention the fact that the successful implementation of this policy document will be better complemented by continuous enhancement and upgrade of our grid and off power infrastructure, and the eventual full migration of the market to a full cost-reflective tariff model, we have the consequent positive impact on the power sector.
“And this will mark a complete transformation of our overall livelihoods as Nigerians by boosting our standard of living, improving our industrialization process, mechanized agriculture, improve maternal healthcare.”
He described the NIEP-SIP as a comprehensive document outlining policy interventions across the entire electricity sector, from generation and transmission to distribution and off-grid segments.
He said the plan aims to transform Nigeria’s electricity sector into one that is resilient, efficient, and capable of supporting national development.
He highlighted that the NIEP-SIP emphasizes improving sector liquidity, fostering an investment-friendly environment, integrating renewable energy sources, enhancing grid reliability, ensuring equitable electricity access for all Nigerians—especially those in underserved communities—boosting local content and capacity throughout the value chain, and promoting gender mainstreaming in the sector.
Adelabu added: “As we move forward with the implementation of this policy, I want to assure you that we are committed to transparency, accountability, and inclusivity at every stage.
“The success of this policy will require the continued collaboration of all stakeholders, and I urge everyone to remain engaged and supportive as we work together to realize its objectives.
“In conclusion, let me express my sincere gratitude to the various stakeholders, industry experts, and development partners who have contributed to the development of this policy.
“Your commitment and hard work have laid a strong foundation for a brighter energy future for Nigeria. I am confident that, with your continued support, we will achieve our goal of transforming the Nigerian power sector into one that is not only self-sustaining but also a catalyst for economic growth and social development.”
