Bitcoins <\/p>\n
The federal government has called on local and international investors to deepen their investments in Nigeria\u2019s power sector to support economic and industrial growth.<\/p>\n
The Minister of Power, Joseph Tegbe, made the call in a keynote address delivered at the Project Hoover Series II Investor Forum in Abuja on Tuesday.<\/p>\n
Mr Tegbe said reliable electricity remained central to Nigeria\u2019s economic transformation, stressing that sustainable economic growth could only be achieved through a commercially viable electricity market.<\/p>\n
The minister said ongoing reforms by the present administration were laying the foundation for a financially sustainable and investment-driven power market capable of supporting the country\u2019s industrial growth.<\/p>\n
\u201dThe administration of President Bola Tinubu is implementing far-reaching reforms under the Electricity Act, 2023, to reposition the Nigerian Electricity Supply Industry (NESI) into an investment-grade sector.<\/p>\n
\u201dThe reforms include promoting competition in the electricity market, empowering state governments to participate in electricity regulation, and expanding transmission infrastructure.<\/p>\n
\u201dAccelerating renewable energy deployment; strengthening regulatory certainty; and improving governance across the industry\u2019s value chain,\u201d he said.<\/p>\n
The minister also said the reforms were already changing investors\u2019 perception of Nigeria\u2019s power sector but acknowledged that unresolved historical financial obligations had continued to discourage fresh investments.<\/p>\n
He recalled that the N501 billion Series 1 issuance launched earlier in 2026 was oversubscribed, describing it as a demonstration of investors\u2019 confidence in the federal government\u2019s reform agenda.<\/p>\n
\u201cOur destination is clear\u2014a financially sustainable, investment-led electricity market that powers Nigeria\u2019s industrial renaissance.<\/p>\n
\u201dTherefore, I encourage you to see this offering beyond a mere fixed-income instrument. It should be viewed as an opportunity to partner with the federal government in writing the next chapter of our economic story.<\/p>\n
\u201dI urge investors to view the latest offering as more than a fixed-income instrument but as a partnership with the federal government in rebuilding the nation\u2019s electricity sector,\u201d Mr Tegbe said.<\/p>\n
He commended the collaboration between the Ministry of Power and the Ministry of Finance and Coordinating Ministry of the Economy.<\/p>\n
He described the power sector reform as a critical component of Nigeria\u2019s broader economic reform programme.<\/p>\n
He further commended the Office of the Special Adviser to the President on Oil and Gas for coordinating key stakeholders.<\/p>\n
Mr Tegbe also acknowledged the contributions of the Nigerian Bulk Electricity Trading, the Debt Management Office, financial advisers and transaction partners for developing the investment framework.<\/p>\n
He reaffirmed the government\u2019s commitment to restoring the commercial foundations of the electricity industry.<\/p>\n<\/div>\n