Power Sector

The proposal emerged during a high-level meeting between the Minister of Power, Joseph Tegbe, and TBEA executives at the company’s headquarters in Beijing.

The Minister of Power, Joseph Tegbe, disclosed this during engagements with Chinese companies in Beijing as part of an ongoing Nigeria-China power sector mission.

The framework comes as Nigeria continues to face a major electricity access deficit, unreliable supply and a liquidity crisis that has constrained investment across the sector.

The Minister of Power, Joseph Tegbe, made the argument on Tuesday while delivering a keynote address at the opening plenary of the Middle East Energy 2026 Leadership Summit in Dubai.

According to the National Bureau of Statistics, electricity, gas, steam and air-conditioning supply contracted 10.63% year on year in real terms in Q2 2026. Q1 recorded a deeper 15.30% decline, extending the sector’s downturn into a second quarter.

The declaration followed the collapse of towers T109, T110 and T111 at Chibike Village, with TCN attributing the incident to heavy rainfall and a windstorm in the area.

Atiku Abubakar claims the Tinubu administration has finally embraced a decentralised electricity generation policy he first proposed more than 21 years ago, describing the shift as a delayed acknowledgement of a blueprint that could have transformed Nigeria's power...

Federal Government deploys ₦501bn to begin clearing power sector legacy debts, settling ₦333bn owed to eight GenCos operating 17 power plants. Tinubu administration pays first Series I bond coupon of ₦63.5bn on schedule, describing the move as proof...

April 19, (THEWILL) — The Minister of Power recently declared that Nigeria requires over $100 billion in public and private investment across generation, transmission and distribution to deliver reliable electricity. The figure is staggering. But is capital really the...

April 05, (THEWILL) — President Bola Tinubu has approved a landmark ₦3.3 trillion payment plan to resolve long-standing financial obligations in Nigeria’s power sector, in a decisive move expected to restore stability, improve electricity supply, and stimulate economic growth...