BayoAdelabu Profile Banner
Bayo Adelabu Profile
Bayo Adelabu

@BayoAdelabu

Followers
30K
Following
309
Statuses
864

Hon. Minister of @Federal_Power of the Federal Republic of Nigeria and Former Deputy Governor, Operations, Central Bank of Nigeria

Oyo State and Abuja
Joined June 2018
Don't wanna be here? Send us removal request.
@BayoAdelabu
Bayo Adelabu
11 months
During my recent visit to the Egbin Power Plant, I reiterated that we have conducted a thorough diagnosis of the challenges currently facing our power sector in Nigeria. These challenges range from infrastructure limitations to supply chain constraints, and we are taking urgent action to address them and enhance power supply across the country. To this end, the Federal Government is fully committed to implementing proactive measures. Starting in April, we will prioritize the settlement of outstanding debts owed to power plants like Egbin Power. By doing so, our goal is to provide incentives for the continuous operation of these crucial facilities and to enhance their overall efficiency. Moreover, we acknowledge the importance of ensuring that power generation companies have access to essential foreign exchange for their maintenance and operations. This access is crucial for sustaining and improving power output on a national scale. We are taking decisive steps to facilitate this access, recognizing its critical role in the broader context of our energy infrastructure. Our ongoing discussions with the Ministry of Petroleum Resources and gas suppliers are centered on addressing gas supply constraints and facilitating debt repayment. Through collaborative efforts with all stakeholders, we are dedicated to finding solutions that will benefit the entire sector and contribute to its long-term sustainability. The shortage of gas has posed a significant obstacle to the operation of gas power plants. Through close collaboration with the Ministry of Petroleum Resources and gas suppliers, we are working diligently to tackle this issue and ensure a reliable gas supply for power generation. I also commissioned two projects during the visit - The environment friendly Electric Vehicles Project and Expansion projects on staff quarters named after President Bola Ahmed Tinubu. I wish to commend the Board and Management team of Egbin Power for their unwavering commitment to improving and maintaining infrastructure despite facing numerous challenges. Their dedication plays a crucial role in strengthening the resilience of the power sector and ensuring its continued operation.
Tweet media one
Tweet media two
Tweet media three
Tweet media four
951
141
604
@BayoAdelabu
Bayo Adelabu
11 months
During my one-day working visit to Sokoto State, I had the privilege of witnessing the remarkable progress being made in the power sector. It was inspiring to see the recently completed 38 megawatts Independent Power Plant built by the State government. I also visited the Goronyo Dam with a view to collaborating with the state government on the possibility of building a 15MW Hydro Electric Power plant. The 2023 Electricity Act has paved the way for subnational governments to invest in the electricity value chain. I commend Sokoto State for seizing this opportunity and investing in infrastructure that will benefit its citizens and drive economic growth. Power is critical to the performance of every sector, and Sokoto State's commitment to providing reliable and affordable electricity is commendable. Other state governments should emulate Sokoto's example and invest in the power sector value chain. I want to assure the people of Sokoto that the federal government, through the Ministry of Power and its agencies, will provide every necessary support to ensure the success of this project. We must ensure that the dividends of this investment reach the citizens. To address any concerns and bottlenecks delaying the take-off of the plant, I have invited all parties involved in the project to a meeting in my office. We will work together to resolve any issues and ensure that the project moves forward as swiftly as possible. I commend Sokoto State for not only building the power plant but also having the ancillary infrastructure in place. With the switch yard, substation, and 33KVA lines already in place, the foundation for success has been laid. I am confident that with our collective efforts and commitment, we will overcome any challenges and realize the full potential of this project. Together, we will ensure that Sokoto State and Nigeria as a whole have access to reliable and affordable electricity.
Tweet media one
Tweet media two
Tweet media three
168
63
225
@BayoAdelabu
Bayo Adelabu
11 months
As the Minister of Power, I am deeply concerned about the deteriorating electricity supply across the country. In response to this pressing issue, I have summoned the Chief Executives of Abuja Electricity Distribution Company (AEDC) and Ibadan Electricity Distribution Company (IBEDC), as well as the Managing Director of the Transmission Company of Nigeria (TCN), to a crucial meeting. The purpose of this meeting is to discuss the worsening power supply in their respective regions and to collectively find lasting solutions. It is disheartening to witness the decline in power supply despite the concerted efforts to improve the situation. The Ministry has been exerting pressure on the Generating Companies (GENCOs) to enhance their performance, resulting in a recent increase in generation to over 4000MW. Despite this progress, certain distribution companies are failing to adequately distribute the power supplied by TCN, while vandalism of power infrastructure exacerbates the problem in regions such as Abuja, Benin, Port Harcourt, and Ibadan. Moving forward, I am committed to holding all distribution companies accountable for their performance. Willful non-performance will not be tolerated, and severe consequences, including license revocation, may be imposed. Additionally, I have instructed TCN to prioritize repair works on damaged transmission towers and power lines to improve supply in affected regions. During recent supervisory visits to power generating plants, I have witnessed firsthand the challenges faced by the sector. Plans are underway to settle outstanding debts owed to power generation and gas supply companies, which will alleviate the financial strain and contribute to improved generation levels nationwide. I urge electricity consumers to remain patient as we work tirelessly to address these issues and provide better service to all Nigerians.
3K
539
1K
@BayoAdelabu
Bayo Adelabu
1 year
My recent meeting with the Forum of Commissioners of Energy in Nigeria was a pivotal step towards fostering stronger collaboration between the Federal and State governments in our collective pursuit of achieving consistent power supply nationwide. Addressing the forum, which boasted representation from 23 States, I underscored our commitment to addressing the root causes of the electricity challenges plaguing our nation. I emphasized that our approach entails moving beyond temporary solutions and delving into the core issues at hand. With a firm grasp of the diagnostics and causes of the problems, we are now squarely focused on implementation. Furthermore, I urged State governments to leverage the opportunities presented by the new Electricity Act, emphasizing its potential to foster unity amidst diversity. Encouraging States to take proactive roles in the power sector, I highlighted the success story of Abia State, where Geometric Power Limited has established a 188 megawatts power generating plant, providing uninterrupted power to several local government areas. This, I stressed, is a model that other States can emulate with perseverance and determination. In addition, I outlined our strategy of deploying mobile power substations to areas experiencing disruptions, demonstrating our commitment to addressing challenges promptly. I also urge kod State governments to engage in distribution networks within their jurisdictions and bridge the meter gap, offering guidance on how to capitalize on their investments in partnership with DISCOs. By fostering collaboration between States and DISCOs, we aim to streamline distribution processes and tackle challenges at the local level comprehensively. Through joint efforts from all stakeholders across the nation, we are poised to overcome our electricity hurdles and usher in a new era of reliable power supply for all Nigerians.
Tweet media one
Tweet media two
Tweet media three
309
47
224
@BayoAdelabu
Bayo Adelabu
1 year
Yesterday, I met with Chief of Army Staff Lt. Gen. T.A Lagbaja to address the pressing issue of power disruptions in military facilities. It is imperative for our security forces to have reliable electricity access. In our discussion, I assured the Nigerian Army of our willingness to engage DISCOs to resolve their outstanding electricity debt, amounting to 42bn. Ensuring adequate power supply is essential for maintaining security in Army barracks and cantonments. While debt owed to DISCOs and GENCOs is a significant challenge, we must also confront issues such as infrastructure vandalism, grid collapse, theft, and inefficiencies in billing and collection processes. These are complex issues that require comprehensive solutions. We recognize that the power outages affect not only the Army but also the entire nation. DISCOs and GENCOs are profit-oriented entities, and while we urge them to adopt reasonable repayment plans, we must also explore alternative power sources like Solar PVs and Battery Energy Storage Systems. I commend the Nigerian Army for their continued support in safeguarding power facilities nationwide. Together, we will work towards developing intelligence strategies to combat electricity infrastructure vandalism and ensure compliance with government policies. The Ministry remains committed to addressing the fundamental challenges facing the power sector and improving electricity access for all Nigerians.
Tweet media one
Tweet media two
Tweet media three
Tweet media four
85
42
202
@BayoAdelabu
Bayo Adelabu
1 year
On Thursday, 15th of February, I had the privilege of welcoming the EU delegation, led by Ambassador Samuela ISOPI, alongside Mr. DE Luca Massimo and Mr. Godfrey OGBEMUDIA. Their visit underscores the enduring partnership between Nigeria and the EU in advancing our power sector. Ambassador ISOPI's acknowledgment of our ministry's efforts and the EU's support since 2008 is truly heartening. With over 200 million euros in grants funding various projects, their commitment to Nigeria's energy landscape is undeniable. The discussion centered on the pressing challenges we confront, particularly the liquidity issue plaguing our market. Emphasized the urgent need for a cost reflective tariff and implementation of targeted subsidy to ensure the sustainability and efficiency of our operations. Excited to delve into the details of the EU's latest initiatives, totaling 37 million euros, covering diverse areas like small hydro, solar for healthcare facilities, rural electrification, and circular economy projects. These align perfectly with our ministry's strategic vision. As we embark on this journey together, I am optimistic about the transformative impact of our collaboration. With the EU's support and alignment of programs, we are poised to overcome obstacles and usher in a new era of electrification for all Nigerians.
Tweet media one
Tweet media two
Tweet media three
Tweet media four
78
34
83
@BayoAdelabu
Bayo Adelabu
1 year
TEXT AND KEY POINTS FROM MY PRESS CONFERENCE ON THE 14TH OF FEBRUARY The recent power disruptions across Nigeria stem from the inability of major players in the Nigerian Electricity Supply Industry (NESI) to settle old and current debts, causing a broken system where GasCos withhold gas supply from GenCOs. One major challenge is the non-cost reflective tariff, hindering DISCOs from meeting revenue targets and investing in reducing technical, commercial, and collection losses (ATC&C). Currently, there's a significant NGN1.6 trillion shortfall in wholesale tariffs, with an industry average ATC&C loss of 48% indicating that nearly half of the electricity generated is not paid for due to technical issues, theft, and inefficiencies in billing and collection processes. In collaboration with the Ministry of Finance, Budget and Economic Planning, and the office of the Special Adviser on Energy to the President, we're actively addressing the substantial outstanding debts owed to both GenCos and gas suppliers through a combination of cash injection and guaranteed debt instruments. Additionally, we're partnering with the Minister of State for Petroleum Resources (Gas) to establish firm gas supply contracts for GenCos, aiming to stabilize pricing in local currency for gas-to-power domestic supply. Investments in upgrading aging infrastructure, expanding capacity, and deploying advanced technologies through the Siemens-backed Presidential Power Initiative (PPI) are underway. Several power generation projects, including the completion of the 700MW Zungeru Hydro Electricity Power Plant in Niger State, are progressing. Financing arrangements for the 40MW Kashimbila Hydro Power Plant in Taraba state are being finalized. We're reviving 26 small and medium-sized hydro plants with solar hybridization and completing a 20MW Wind/Solar hybrid power plant in Katsina state. Efforts are also focused on increasing the operational capacity of NIPP power plants under the Niger Delta Power Holding Company to at least 50%. Accelerating key power initiatives like the Siemens Project, aimed at enhancing transmission capacity, is a priority. Discussions for EPC+F super grid projects with two Chinese firms are ongoing, crucial for providing failover and backup capacity to the National grid. Initiatives to modernize and strengthen existing transmission infrastructure, including upgrading substations and power lines, are in progress. Projects for reconductoring aging transmission power lines are being initiated for enhanced efficiency and reliability. Intervention projects funded by multilateral development partners, such as the World Bank, AfDB, and JICA, are expedited to address critical transmission challenges. Additionally, fair and competitive regulation efforts have resulted in significant fines for non-compliant DISCOs and refunds to over-billed customers, bolstering reliability and resilience in our electricity supply infrastructure. We're committed to improving communication and navigating challenges together to deliver reliable and accessible electricity to every corner of the nation.
Tweet media one
407
244
459
@BayoAdelabu
Bayo Adelabu
1 year
Yesterday, I met with Hon. Ekprerikpe Ekpo, Minister of State for Petroleum Resources (Gas), to address the ongoing challenge of insufficient gas supply to power generation companies (GENCOs). Nigeria has significant gas reserves, but delivering enough gas to meet domestic demand has been a persistent issue. To tackle this, we've established a joint ministerial committee. It's crucial to find innovative solutions for ensuring stable gas supply to the power sector. Proposing domestic gas payment in naira is a key step toward stability, aligning with our economy's needs and promoting sustainable energy production. Payment shortfalls within the electricity sector pose risks to production and the entire value chain. Leveraging my financial sector experience and contacts, I'm working with stakeholders to advocate for legislative measures mandating naira-denominated payments for domestic gas supply. Addressing the vandalization of gas pipelines in the Niger Delta is also a priority. A 2021 NEITI report highlighted 7,143 cases of pipeline breakages and deliberate vandalism between 2017 – 2021, significantly impacting the efficiency of the electricity supply industry (NESI). Clear contractual arrangements between GENCOs and gas suppliers are essential to ensure consistent supply and maximize our power generation capabilities. The upcoming commissioning of the OB3 line is expected to greatly enhance gas supply to the northern region, fostering industrial growth. In conclusion, the establishment of a joint ministerial committee to tackle the issue of inadequate gas supply to power generation companies (GENCOs) represents a crucial stride towards resolving challenges in Nigeria's energy sector. We are dedicated to assembling a team of experts for this committee, and upon its formation, we will publicly announce the timelines for our initiatives. #EnergySector #GasSupply
Tweet media one
Tweet media two
Tweet media three
407
95
328
@BayoAdelabu
Bayo Adelabu
1 year
Yesterday, I had crucial discussions with power Generating companies (GENCOs) and Distribution companies (DISCOs) to address the ongoing issue of blackouts in parts of our country. Power supply during the yuletide improved, but unfortunately, we've experienced setbacks in the new year. After investigations, it's clear that the main cause of poor power supply is the low supply of gas to GENCOs. Visited facilities in Olorunshogo, Ogun State, and Omotosho, Ondo State to understand the challenges firsthand. Resolving the gas supply issue is our top priority. During our meeting, we also addressed the indebtedness to GENCOs by Nigeria Bulk Electricity Trading Company (NBET). While acknowledging the sector's liquidity challenge, we are working on validating the debt and determining a fair resolution. I emphasized the importance of GENCOs establishing contractual arrangements with gas suppliers to ensure a steady gas supply. Recognizing concessions may be needed, I assure you that we are committed to working on this to stabilize the power sector. To tackle the gas supply and liquidity challenges, I've decided to form a committee involving all stakeholders. Together, we will work on recommendations to resolve these issues and ensure a more reliable and consistent power supply for our citizens. A plan has also been established to initiate discussions with the Minister of State for Petroleum Resources regarding collaboration and to emphasize to the Ministry the importance of prioritizing Gas to Power. Our commitment is unwavering in addressing the challenges affecting power supply. We understand the impact on citizens, and our goal is to swiftly resolve the issues of gas supply, indebtedness, and overall sector stability. Your patience is appreciated as we work collaboratively towards a brighter, more reliable energy future forNigeria.
Tweet media one
Tweet media two
Tweet media three
Tweet media four
387
119
393
@BayoAdelabu
Bayo Adelabu
1 year
I was deeply saddened to learn about the explosion in Ibadan on Tuesday night. The news was a shocking and distressing surprise, particularly considering the serious impact it will undoubtedly have on the lives of the residents in the affected areas and on the daily routines of the people in Ibadan. My thoughts and prayers go out to those who have been directly and indirectly affected by the devastating consequences of this explosion. As we pray for their swift and safe recovery, I hope they receive the necessary support from the government and all relevant stakeholders in the state. I urge everyone to unite in the effort to combat crimes and illegal activities by promptly reporting any suspicious or unusual behavior to the authorities—whether in our residential areas, workplaces, or anywhere else across the state. May the Almighty Allah, in his infinite mercy, continue to safeguard us from all forms of harm and peril.
63
14
75
@BayoAdelabu
Bayo Adelabu
1 year
Powering the Renewed Hope Agenda: 2023 Recap
92
53
135
@BayoAdelabu
Bayo Adelabu
1 year
In his New Year broadcast, HE President Bola Ahmed Tinubu @officialABAT highlighted electricity as a top priority. We, at the Ministry of Power, stand ready to steadfastly support the Electricity Turnaround Agenda outlined by the President. Over the Yuletide season, the Ministry, agencies, and Discos worked tirelessly to enhance power supply, acknowledging positive improvements. Our focus is now on taking decisive action to address critical challenges in the electricity sector. The initial three months involved diagnosis, stakeholder consultation, and strategy formulation. With a well-documented implementation plan in place, it's now time to take decisive action targeted at enhancing distribution and transmission infrastructures. The lack of liquidity remains a significant challenge in the electricity market. We're reviewing the implementation process of a cost-reflective tariff, while ensuring continued government subsidy for vulnerable members of society. Closing the meter gap is imperative, and initiatives like the World Bank programs and the Presidential Metering Initiatives will gain momentum. The Ministry will intervene in distribution infrastructure, supplying transformers to communities without burdening citizens financially. Rural electrification is a priority, focusing on solar-powered mini/micro grids and street lights. Collaborating closely with Discos and State Electricity Boards, our efforts will align with local needs. To improve transmission infrastructure, we've reactivated the Presidential Power Initiative (Siemens Project) to strengthen the national grid. The Eastern and Western super grid projects will also be implemented to increase electricity supply to demand centers. The Transmission Company of Nigeria will be reconstituted in the short term, separating Transmission services from System/Market operations. In the medium to long-term, regional grids will be established for effective management. Generating at installed capacity is a goal for government-owned plants, while private companies are encouraged to invest further. Off-grid/distributed generation, utilizing renewables, will be a focal point. Tackling power theft and vandalism is paramount. We've informed the NSA of recorded cases, emphasizing the need for joint efforts to protect our assets. This national responsibility requires collective action to eliminate setbacks. As we embark on this transformative journey to bolster Nigeria's electricity sector, we appreciate the collective effort of all stakeholders. Our commitment is unwavering, and we're dedicated to overcoming challenges to ensure a reliable and sustainable power supply. The path ahead requires collaboration, and we urge citizens, Discos, State Electricity Boards, and private entities to join hands in achieving our shared goal. Together, we can create a resilient power infrastructure that propels economic growth and improves the lives of all Nigerians. The steps outlined in the Electricity Turnaround Agenda are strategic, and with your support, we're confident in our ability to make substantial progress. Let's embrace this opportunity to power a brighter, more electrified future for our nation.
157
102
360
@BayoAdelabu
Bayo Adelabu
1 year
Saddened by the recent destruction of the 330KVA high tension transmission line along Maiduguri-Damaturu Highway by ISWAP terrorists. These attacks undermine our efforts to provide stable power to communities and hinder progress. Deepest condolences to the NSCDC and the family of the personnel who lost their life safeguarding critical infrastructure. Their dedication is commendable, and we mourn their loss deeply. Terrorism poses a direct threat to our power infrastructure and citizens' well-being. We must enhance security measures and collaborate with relevant authorities to ensure the safety of our vital energy networks. The destruction of the transmission line disrupts power supply, impacting industries, businesses, and daily lives. We are committed to swift repairs and reinforcing security measures to prevent future incidents. To the affected communities in Yanayakiri-Garin Kuturu and Jakana, we share your pain and assure you we're working tirelessly to restore normalcy. Let's stand united against these threats for a brighter, more secure future. Amid challenges, we find hope in acknowledging the improved power supply during the festive season. We understand its significance and assure you we're dedicated to building on this progress as we enter the new year. Our commitment aims for an even more reliable power supply, fostering stability and prosperity in 2024.
42
42
114
@BayoAdelabu
Bayo Adelabu
1 year
SALUTE TO LATE ARAKUNRIN OLUWAROTIMI ODUNAYO AKEREDOLU, OUR DEPARTED HERO AND YORUBA OMOLUABI In profound sorrow, we bid farewell to the late Arakunrin Oluwarotimi Odunayo Akeredolu, our departed hero and Yoruba Omoluabi. The shocking news of his demise on Wednesday, December 27, 2023, has left us deeply saddened. Arakunrin Akeredolu CON, SAN was more than a Governor; he was a gallant Yoruba Omoluabi who, through his legal expertise and political activism, played a pivotal role in establishing and sustaining our current democratic dispensation. His impact extended beyond the courtroom, as he delved into practical politics, serving two terms as Governor of Ondo State from 2017 until his sudden demise. Aketi, as he was affectionately known, dedicated himself to the betterment of society. His governance brought succor, a good life, and the benefits of democracy to the people of Ondo State. He was not just a regional leader; he used his position to unite Yoruba States in safeguarding the South West's territorial integrity from external threats. In this moment of grief, I extend my deepest condolences to his immediate family and the entire people of Ondo State. Aketi's demise is a profound loss to the nation, and we mourn with those who anticipated his recovery from illness. His legacy is eternally credited to his dedication to the Ondo people and his instrumental support for Asiwaju Bola Tinubu's presidential emergence. Though shaken by his departure, let us find solace in the impactful life Arakunrin Akeredolu lived. May God Almighty accept his return and grant him eternal rest. Rest well, the Great Aketi! Chief Adebayo Adelabu OFR, FCA, FCIB Honourable Minister for Power Federal Republic of Nigeria
Tweet media one
16
29
179
@BayoAdelabu
Bayo Adelabu
1 year
Season's Greetings from Chief Adebayo Adelabu, Minister of Power: Fostering Unity and Progress In the spirit of Christmas, I extend heartfelt felicitations to Christians and fellow Nigerians. May this season of love and sacrifice inspire unity and compassion among us. As we reflect on the birth of Jesus Christ, a symbol of love and peace, let us emulate His spirit of selflessness and embrace one another across faiths and divides. Unity is paramount for our nation's development, thriving in an environment of peace and tranquility. During this festive season, let's prioritize giving, love, and remembrance of God's love through Jesus Christ. Regardless of our faith, let's unite in prayers for the peace and progress of Nigeria, our shared home. I congratulate President Bola Tinubu, our leaders, legislators, and administrators at all levels. I encourage Nigerians to steadfastly support President Tinubu's government for the collective advancement of our nation. Furthermore, I want to assure all citizens that efforts are diligently underway to enhance our nation's power supply during this festive season. Recognizing the importance of electricity in our daily lives, my ministry is committed to ensuring a more reliable and improved power infrastructure. We understand the significance of uninterrupted power, especially during celebrations, and are working tirelessly to provide a stable electricity supply. Your comfort and enjoyment during this Yuletide season are paramount, and we are dedicated to making substantial progress in delivering an enhanced power experience for all. Wishing everyone a joyous celebration and a prosperous New Year as we look forward to 2024. Merry Christmas and a Happy New Year Ahead. Adebayo A. Adelabu OFR, FCA, FCIB Honourable Minister of Power Federal Republic of Nigeria
Tweet media one
97
47
282
@BayoAdelabu
Bayo Adelabu
1 year
Deeply troubled by the recent act of vandalism on our power infrastructure. A transmission tower in Yobe State, tower T372, was deliberately brought down, causing a ripple effect that led to the collapse of tower T373 along the same transmission line. This criminal act occurred at 21:18 and has disrupted power supply to parts of the North East, affecting Yobe and Borno States. While I condemn this deliberate sabotage, I appeal to all Nigerians to stand against such actions. We cannot let a few individuals hinder our efforts in providing regular electricity to the nation. Our Ministry is working closely with law enforcement agencies to investigate this incident thoroughly. Those responsible for this destructive act will face the full force of the law. Vandalism not only disrupts power supply but also poses a threat to the safety and well-being of our communities. In addition to immediate actions, we are mobilizing resources to quickly reconstruct the damaged towers. Restoring power supply to Yobe and Borno States is our priority. The incident involved the deliberate use of explosives on the 330kV transmission tower. Villagers confirmed hearing a loud explosion before the towers came down. This act of vandalism not only caused inconvenience but also raised concerns about the safety of our power infrastructure. We are taking this matter seriously and are committed to ensuring that those responsible are held accountable for their actions. TCN has swiftly mobilized a contractor to the site to commence the reconstruction of the damaged transmission towers. Our goal is not only to restore power supply to the affected areas but also to send a strong message that such acts of sabotage will not go unpunished. We are developing a comprehensive plan to enhance the security of power facilities nationwide and working on legislation to tackle the menace of vandalism.
280
156
393
@BayoAdelabu
Bayo Adelabu
1 year
Yesterday, I met with Abia State Governor, Dr. Alex Otti and shared our short, medium, and long-term strategies. We're committed to collaborating closely with state ministries of power/energy to tackle challenges in the distribution segment, considering its retail nature. As Minister of Power, I stress the crucial role of state governments in transforming the power sector. State involvement is essential for improving infrastructure, reducing metering gaps, enforcing bill collection, rural electrification, tackling power theft, and securing right-of-way for transmission lines. To enhance state involvement, we're exploring the idea of unbundling regional Discos into different states for more localized oversight. We're also looking into financial collaboration between federal and state governments, potentially involving a swap of stakes in DISCOs with state stakes in the Niger Delta Power Holding Company. Our vision includes active collaboration in rural electrification. I encourage states to establish rural electrification boards in coordination with our Rural Electrification Agency. State support in providing distribution transformers and replacing weak power lines is crucial for maintaining reliable power supplies. Exciting news! We're hosting our inaugural ministerial retreat for the power sector from December 12th to 14th, 2023. This will be a platform to extensively discuss our strategies. I personally invite Governor Alex Otti, recognizing the sector's importance for economic growth at both national and state levels. In response, Governor Alex Otti and other dignitaries express support for our transformative efforts. Their commitment aligns with our vision for a robust and efficient power sector. Looking forward to a productive collaboration driving positive change in the Nigerian power landscape. #PowerSectorTransformation
Tweet media one
Tweet media two
Tweet media three
Tweet media four
37
36
182
@BayoAdelabu
Bayo Adelabu
1 year
Tweet media one
Tweet media two
4
13
32