Nigeria requires more than $100 billion in investments across its power sector to ensure a reliable, round-the-clock electricity supply, the Federal Government has said. Speaking at a press briefing in Abuja, Minister of Power, Adebayo Adelabu, disclosed that achieving this goal will need a mix of government funding and private sector participation over several phases. He acknowledged recent nationwide electricity shortages, apologizing to Nigerians and promising swift corrective measures.
Adelabu outlined the breakdown of the required investment, noting that adding 20,000 megawatts of power generation would cost roughly $30 billion, transmission infrastructure $20 billion, distribution networks $25 billion, and gas pipeline development $22 billion. He compared Nigeria’s situation to South Africa, emphasizing that Nigeria’s population of over 200 million demands proportionally higher investments in the sector.
Despite the challenges, the minister highlighted major milestones under the current administration. Nigeria reached a generation peak of 6,001 megawatts in April 2025 and transmitted 5,801 megawatts in March 2025, thanks to projects like the Zungeru hydro power plant (700MW), rehabilitation of thermal plants, and expansion of renewable mini-grids. Installed capacity rose from 13,000MW in 2023 to 14,400MW in 2025, accompanied by financial interventions such as a N4 trillion debt restructuring and revenue-boosting cost-reflective tariffs for 15% of consumers.
Adelabu also revealed that Nigeria’s national grid can now wheel up to 8,500 megawatts, up from 5,000MW in 2023, with a three-year target of 15,000MW through initiatives like the Presidential Power Initiative. Grid collapses have dropped from 12–15 per year to just four over the past two and a half years, demonstrating the impact of ongoing infrastructure upgrades. However, he warned that gas supply constraints remain a major bottleneck, affecting 75% of gas-fired plants.
The minister concluded by emphasizing that achieving 24/7 electricity is a journey requiring patience, coordination, and sustained investment. He called on all stakeholders, including relevant ministries and private investors, to collaborate in addressing structural challenges and boosting Nigeria’s energy sector. “Through phased investments and cooperative action, Nigeria can secure reliable electricity for all its citizens,” he said.
source: punch