Nigeria’s Minister of Power, Adebayo Adelabu, says the country requires at least $10 billion yearly over the next 20 years to achieve a stable and reliable electricity supply.
Adelabu made this known on Tuesday during the commissioning of a 2.5MW solar hybrid power plant at the Nigerian Defence Academy (NDA) in Kaduna. He attributed decades of poor maintenance, underinvestment, and a decaying transmission infrastructure as key reasons for the persistent power crisis.
“To achieve stable electricity in Nigeria, we need no less than $10 billion every year for the next 10 to 20 years,” Adelabu stated, adding that past failures must be addressed to make current investments effective.
His comments came as the Rural Electrification Agency (REA) launched the third phase of its Rural Electrification Fund (REF), aimed at expanding off-grid electricity access in underserved communities.
Adelabu noted that the Tinubu administration is committed to resolving longstanding issues in the power sector.
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