FG approves electricity policy to transform power sector

The Federal Government has officially ratified and adopted a comprehensive roadmap for the Nigerian Electricity Supply Industry (NESI) through the approval of the National Integrated Electricity Policy (NIEP).

The Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Bolaji Tunji, disclosed this in a statement issued on Monday, May 5, 2025.

Tunji said the policy, prepared since December 2024 and submitted to President Bola Tinubu, received formal approval during Monday’s Federal Executive Council meeting.

He stated that the NIEP was a holistic framework designed to align Nigeria’s electricity sector with national development goals and international best practices, in line with Section 3(3) of the revised Electricity Act, 2023.

FEC approves Nigeria First policy to boost local content over foreign goods

Quoting the Minister of Power, Adebayo Adelabu, Tunji noted that the policy implementation had already begun and would now gain traction following presidential ratification, with its impact expected to be felt across the power sector soon.

Adelabu said the Electricity Act, 2023, mandates the federal government, through the Ministry of Power, to initiate and publish an integrated National Electricity Policy and Strategic Implementation Plan within one year of the Act’s commencement.

Describing the passage of the Electricity Act, 2023, as a pivotal moment, Adelabu noted that it marked the beginning of transformative change within NESI, laying the foundation for exponential socio-economic development.

The Star