General
Power Supply Has Improved in Two Weeks as Promised—Adelabu
By Adedapo Adesanya
The Minister of Power, Mr Adebayo Adelabu, says that electricity generation has improved between March 28 and April 10, 2026, following increased gas supply to thermal power plants.
In a statement via his Special Adviser on Strategic Communications and Media Relations, Mr Bolaji Tunji, the Minister said the improvement fulfilled his pledge at the Power Sector Working Group that electricity supply would improve within two weeks.
He said data from the period showed that actual power generation rose from about 3,951 megawatts on March 28 to over 4,300 MW on April 10.
He added that gas supply to thermal power plants increased from approximately 605 million standard cubic feet per day to over 704 million standard cubic feet per day within the same timeframe.
He also stated that mechanical availability remained stable, peaking at over 7,796MW in early April, while operational availability rose from about 4,208MW to a peak of over 4,694MW.
“Despite minor fluctuations recorded on some days, the overall trajectory points to a gradual recovery in the power sector, driven largely by improved gas supply and better coordination among critical stakeholders,” Mr Tunji said.
The spokesperson added that the correlation between gas availability and generation output underscored the need for sustained interventions in the gas-to-power value chain.
He disclosed that the minister recently inaugurated a Gas-to-Power Monitoring Committee to ensure improved coordination, real-time monitoring, and sustained gas supply to generating companies.
“The committee is expected to address bottlenecks in gas delivery, enhance synergy between gas producers and power generation companies, and ultimately guarantee a more stable and reliable electricity supply across the country.
“The Honourable Minister remains committed to ensuring that the modest gains recorded are not only sustained but significantly improved upon in the coming weeks,” Mr Tunji added.
The Minister assured Nigerians that ongoing reforms and targeted interventions in the sector would continue to yield measurable improvements, saying, “We are not there yet, but we will continue to ensure measurable improvements.”
Adelabu urged the new management of the Nigeria Electricity Management Services Agency (NEMSA) to improve its internally generated revenue and reduce dependence on government appropriation.
He also called for the establishment of more meter testing centres across the country and reiterated the need for collaboration between the National Power Training Institute of Nigeria (NPTIN) and NEMSA to address manpower shortages.
By Adedapo Adesanya
Nigeria is targeting that solar power will account for 50 per cent of the power generation mix by 2029, according to the Rural Electrification Agency (REA).
According to REA’s managing director, Mr Abba Abubakar Aliyu, solar power generation has risen dramatically in the last few years to about 20 per cent of Nigeria’s electricity supply.
He said this could further reach 50 per cent by 2029 if current deployment and private-sector partnerships continue, speaking during the just-concluded 25th Nigerian Oil and Gas (NOG) Energy Week in Abuja on Thursday.
Mr Aliyu, during an energy panel titled Re-Engineering Africa’s Power Market – Driving Reliable Energy Systems, said solar’s share of national generation has risen rapidly, and that sustained momentum would push it toward half of the country’s power mix within the next three years.
Mr Aliyu said the growth was driven by increasing deployment and stronger collaboration with private investors.
“Solar currently constitutes 20 per cent of the nation’s total generation capacity, and with the pace of deployment we are seeing, it is closing in on 50 per cent,” he projected.
The REA chief told delegates that Nigeria was shifting from being primarily a consumer of clean-energy equipment to becoming a regional supplier of renewable technology.
He said manufacturers in the Lagos–Sagamu industrial corridor were building capacity to meet demand across West Africa.
Mr Aliyu said Lagos-made solar photovoltaic (PV) panels were already being exported to neighbouring countries.
He added that a pipeline of about 3.7 gigawatts of PV manufacturing capacity was under development to support further expansion.
“If you go to the Lagos–Sagamu axis, you will see manufacturing companies coming up,” he said.
He, however, noted that despite the rapid expansion in solar deployment and local manufacturing, he clarified that conventional gas-fired thermal plants would remain necessary to stabilise Nigeria’s electricity grid.
He joined other panellists to advocate for a dual-track investment strategy that would continue to expand solar generation and domestic manufacturing while also maintaining and upgrading gas-fired plants.
By Adedapo Adesanya
The National Pension Commission (PenCom) is developing a new investment vehicle that would channel part of Nigeria’s $22 billion pension assets into critical infrastructure projects, providing long-term financing for roads, railways, energy and healthcare.
The proposal was disclosed by PenCom spokesman, Mr Ibrahim Buwai, who said the initiative is expected to be launched later this year as the commission explores ways to mobilise pension assets for national development while protecting contributors’ savings.
Mr Buwai said the regulator is promoting the creation of a special-purpose investment vehicle that would allow pension assets from different fund managers to be pooled for financing commercially viable infrastructure projects.
“We are encouraging the setting up of a vehicle, kind of special purpose vehicle, where resources can be pooled, so that viable infrastructure projects can be looked at,” he said, explaining that the proposed fund is designed to balance national development with the interests of pension contributors by targeting investments capable of delivering returns that outperform inflation.
He noted, however, that participation will remain at the discretion of individual Pension Fund Administrators, while the final size of the investment vehicle is yet to be determined.
The proposal also comes as pension investments in infrastructure continue to expand. Latest data published by PenCom show that investments through infrastructure funds climbed by 38 per cent year-on-year to N318 billion (about $230 million) as of May 2026, reflecting growing interest among pension managers in long-term infrastructure assets.
The proposed infrastructure vehicle aligns with PenCom’s broader strategy of increasing the role of pension assets in Nigeria’s capital market and unlocking what it describes as the industry’s largest pool of long-term passive investment capital.
The initiative follows a period of strong growth in the pension industry, with Nigeria’s total pension assets rising to a record N31.32 trillion in May 2026 despite challenging economic conditions.
PenCom has also intensified efforts to strengthen compliance within the pension system. Working with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the commission recently recovered more than N3 billion in outstanding pension contributions that employers had failed to remit on behalf of workers.
By Modupe Gbadeyanka
The Nigeria Agricultural Quarantine Service (NAQS) has asked to be integrated into the B’Odogwu platform of the Nigeria Customs Service (NCS).
This call was made by the head of NAQS, Mr Vincent Isegbe, during a meeting with the Comptroller-General of Customs, Mr Adewale Adeniyi, in Abuja on Wednesday.
Mr Isegbe, who used the visit to congratulate Mr Adeniyi on the extension of his tenure as Chairperson of the World Customs Organisation Council, which he described as recognition of his dedication and leadership, praised what he called an excellent working relationship with Customs.
He outlined areas for closer partnership, including integrating NAQS into Customs’ B’Odogwu platform, joint enforcement operations, and coordinated efforts to detect fake certification and fraudulent documentation.
In his remarks, Mr Adeniyi commended his guest for the partnership, promising that NAQS will provide technical support for the new Customs laboratory.
According to him, this is one of the avenues to deepen collaboration between the two agencies on intelligence sharing, trade facilitation and national security.
He informed Mr Isegbe that his organisation was moving to harmonise inspection procedures across the country’s ports and border stations, a step he described as critical to promoting consistency, transparency and efficiency in cargo clearance nationwide.
He also stated that customs training facilities would be opened up to NAQS officers as part of a broader capacity-building push.
“We must expose our officers to the broader concept of national security. Border management goes beyond revenue collection,” Mr Adeniyi said, stressing that Customs sees itself as the anchor institution coordinating Nigeria’s multi-agency border protection efforts.
