Sponsored
Energy

Power Minister Tegbe Outlines Action Plan at Q2 NESI Stakeholders Meeting

Sponsored
Sponsored

The Honourable Minister of Power, Mr Joseph Tegbe, has outlined his Ministerial Action Plan for the stabilization and growth of Nigeria’s electricity sector, speaking at the second quarterly Nigerian Electricity Supply Industry (NESI) Stakeholders Meeting recently convened by the Nigerian Electricity Regulatory Commission (NERC) in Abuja.

The forum, which was Chaired by the Chairman of NERC, Dr Musiliu Oseni, featured power sector stakeholders including operators, regulators and policy actors and had in attendance the Special Adviser to the President on Power, Mr. Rilwan Lanre Babalola, and the Permanent Secretary of the Ministry of Power, Alhaji Mahmud Mamman.

Delivering the keynote address, the Minister framed his plans around a core conviction that Nigeria’s electricity crisis demands collective ownership across the entire value chain.

“Nigeria’s power crisis was not built by one hand, and it will not be fixed by one hand,” he said, calling on GenCos, DisCos, TCN, NISO, regulators, and government to accept shared responsibility for both the depth of the problem and the discipline of the solution.

On infrastructure, Tegbe called for power assets to be formally designated and treated as Critical National Assets, describing vandalism, grid sabotage, and energy theft as economic warfare against ordinary Nigerian households.

He added that securing existing assets must run concurrently with optimizing their output, with transmission weak points, spinning reserves, and priority substation relays all being actively addressed to improve near-term grid reliability.

Turning to metering and tariffs, the Minister argued that estimated billing had for too long penalized poor Nigerians while masking systemic losses.

His ministry is working with stakeholders to accelerate metering rollout and reduce ATC&C losses, alongside developing a sustainable tariff transition pathway designed to protect the most vulnerable consumers from cost shocks while offering investors the long-term predictability that serious capital commitment demands.

On market governance, Tegbe stressed that tariff reform could only hold if payment compliance was enforced across the board.

He called specifically for transparent Derived Remittance Obligation calculations, arguing that trust in the electricity market could not rest on opaque arithmetic.

“Trust in the market begins with trust in the numbers,” he said.

The Minister further announced that his ministry is working toward the public publication of KPIs and performance scorecards for GenCos and DisCos, making both excellence and underperformance visible to the Nigerian public..

Closing his address, the Minister anchored his personal commitment to three principles: transparency, with no hidden agendas; speed, through dismantling bureaucratic bottlenecks; and accountability, with consequences for those who undermine the sector. “Reform is not a promise deferred,” he said. “It is a discipline being executed, every day.”

Sponsored
Funsho Arogundade

Recent Posts

Appeal Court Affirms Forfeiture of Retired Gen. Atewe’s Assets to FG, Dismisses Appeal

The Court of Appeal, Lagos Division, on Wednesday affirmed the judgment of the Federal High…

31 minutes ago

Ex TVC Staff, Tobi Peters Facilitates Benfica Deal For Nigeria’s Women Footballer

  AKINSINDE ADEOLA OYINDAMOLA Former TVC News broadcast journalist and football agent Tobi Peters has…

51 minutes ago

JUST IN: Femi Otedola Acquires N77.6bn First HoldCo Shares, Stake Rises To 21.95%

Billionaire tycoon and Chairman of First HoldCo Plc, Mr. Femi Otedola, has increased his stake…

56 minutes ago

High Chief Anthony Ikenna Obele Bags Anambra Business Icon Of The Year Award At AMTY 2026

NJOKU MACDONALD OBINNA Yet another remarkable achievement was recorded on Saturday, 18th July, 2026, at…

4 hours ago

When Laws Become Weapons: The Dangerous Misuse of Cyberbullying Legislation in Nigeria

VICTOR ORHORHORO Every responsible society has a duty to protect its citizens from harassment, intimidation,…

5 hours ago

100% of Zero Is Zero: What NLNG Teaches Us About The Bonga South-West Tax Incentive

BABS OMOTOWA  Bloomberg recently reported that the Federal Government has agreed to an $11.5-per-barrel tax…

6 hours ago
Sponsored