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Nigeria’s Electricity Market Revenue Up By 70% In 2024 – Minister
From Lateef Taiwo
Minister of Power Adebayo Adelabu said that Nigeria’s electricity market revenue in increased by ₦700 billion in revenue, reflecting a 70% increase.
The minister disclosed this at the opening ceremony of the 2025 and 4th African Natural Resources and Energy Investment Summit (AFNIS) holding at the Banquet Hall of the Presidential Villa on Wednesday in Abuja with the theme of this year’s summit, which is the fourth edition, is “Harnessing Local Content for Sustainable Development”.
He noted that the Electricity Act of 2023 has decentralised electricity governance, as a result of which eleven states had already assumed regulatory control over their sub-national markets, unlocking investment and competition.
“This reform enables each state to tailor energy solutions to local needs, while still contributing to national and regional market stability.
“We have developed and presented two foundational planning documents: the National Integrated Electricity Policy (NIEP) and the Integrated Resource Plan (IRP). These frameworks now guide power sector planning, prioritising least-cost solutions, optimal resource use, and clear investment pathways,” Adelabu said.
According to the power industry overseer, The theme “Harnessing Local Content for Sustainable Development” speaks directly to the current Federal Ministry of Power priorities.
He said as global trends shift toward decentralisation, digitisation, and decarbonisation, Nigeria is working to ensure that local content does not remain a policy slogan but becomes a measurable lever for economic growth, industrial capacity, and energy security.
He said, “With a population exceeding 200 million, Nigeria’s electricity demand continues to rise. Meeting that demand requires more than generation. It requires a clear regulatory framework, sustained investment, and local participation at every value chain level, from metering and manufacturing to system operations and grid management.
“Under the Renewed Hope Agenda of President Bola Ahmed Tinubu, we are strengthening domestic capabilities across the sector. We are driving reform to reduce import dependence, close infrastructure gaps, and embed local skills and technology into the core of our power strategy.
“We have developed and presented two foundational planning documents: the National Integrated Electricity Policy (NIEP) and the Integrated Resource Plan (IRP). These frameworks now guide power sector planning, prioritising least-cost solutions, optimal resource use, and clear investment pathways.
“Furthermore, it is evident that, due to our transformative tariff reforms, the market has generated an additional ₦700 billion in revenue, reflecting a 70% increase. This results from the cost-reflective tariff adjustment for Band A customers. Market revenue for 2024 rose from NGN 1 trillion in 2023 to NGN 1.7 trillion.
“This growth in market revenue is unprecedented, as the highest growth previously achieved was 20%. This positively impacts the reduction of the government subsidised tariff shortfall by 35%, reducing it from NGN 3 trillion to NGN 1.9 trillion and demonstrating that financial viability and service delivery can coexist harmoniously.”
In line with AFNIS 2025 theme, the minister said local content is being receiving premium attention through investment and execution.
He said, “We are using energy access and energy transition to drive domestic production, technology transfer, and employment: The Energising Education Programme (EEP) is adding 100MW of clean energy across 37 federal universities and 7 teaching hospitals. EEP III is now 70% complete.
“The DARES project, backed by a $750 million World Bank facility, targets over 17.5 million Nigerians through decentralised, private sector-led electrification with productive-use applications for SMEs and agriculture.
Through the Africa Mini-Grid Programme, we’ve secured $5.91 million in grants across 23 projects, delivering 948MW of new renewable capacity in partnership with 10 RESCOs.
“New meter test stations in Kano and Benin are nearing commissioning. These facilities will ensure quality assurance for meters assembled or produced locally—raising consumer trust and protecting investor capital.
“We are working closely with the Solar Energy Manufacturers Alliance of Nigeria to expand domestic assembly lines and deepen localisation in solar infrastructure.”
In terms of scaling regional integration and market opportunities, the minister expressed Nigeria’s commitment to partner in the Dar es Salaam Declaration and to be an active contributor to Mission 300, adding, “We remain focused on universal energy access and a credible path to net-zero emissions by 2060.”
“We are strengthening cross-border transmission through the West African Power Pool, expanding links to Benin, Niger, Togo, and Ghana. We are also participating in the ECOWAS Regional Electricity Market, which presents significant opportunities for Nigeria’s generation capacity and grid infrastructure.
Concluding, he stressed that local content must be measurable, translate to jobs, supply chains, technical skills, and retained value, saying Nigeria’s power sector reform is not about theory but execution.
“Our progress so far reflects a serious commitment to doing the hard work required to deliver a sustainable, investable, and resilient power sector.
“We are ready to partner with governments, private investors, and development institutions on projects that deliver results, respect local capability, and scale with impact.”
News
Dangote Refinery, national asset every Nigerian must defend — BAVCCA President declares
President of the Bloggers and Vloggers, Content Creators Association in Nigeria (BAVCCA), Ikechukwu Chukwunyere, has charged Nigerians on the need to protect Dangote Refinery, describing it as a “national asset that every citizen must protect, nurture, and defend against any form of sabotage or doubt.”
Chukwunyere made this declaration on Wednesday at BAVCCA’s National Secretariat in Abuja, following a visit by a 15-man delegation of the association to Dangote Industries in Lagos.
Adding that the visit to the Dangote Refinery was more than a familiarization tour but “a pilgrimage to witness firsthand the embodiment of Nigerian ingenuity, resilience, and vision.”
According to him, the team’s interaction with Dangote Industries’ Vice President, Mr. Edwin Devakumar, provided deep insight into the sacrifices and determination behind what he described as one of Nigeria’s greatest industrial achievements.
While recalling Devakumar’s powerful testimony about believing in Alhaji Aliko Dangote’s vision for the refinery, even when many investors doubted its feasibility.
“Despite the doubts from potential backers, Mr. Devakumar provided crucial support, backing Alhaji Dangote’s dream every step of the way,”
Chukwunyere said. “Alhaji Dangote himself made extraordinary sacrifices, selling most of his assets to fund the project amid those investor doubts.”
He said the refinery, valued at over $20 billion, was “a testament to this unyielding faith” and a model of how personal commitment can turn vision into reality.
Quoting Devakumar, he said Aliko Dangote’s motivation was rooted not only in business ambition but in a “deep prioritization of Nigerians’ well-being.”
“This passion fuels his endeavors, placing the welfare of our people at the heart of every decision,” he added.
The BAVCCA President noted that despite setbacks such as the closure of the Arewa Textile Industry in Kaduna, Dangote “persevered, keeping his vision alive against all odds.”
He described the refinery as the largest in the world, with the capacity to refine 650,000 barrels of crude oil per day, set to expand to 1.4 million barrels daily. The project, he said, has created over 65,000 jobs, saved billions in foreign exchange, and generated an estimated $55 billion in annual revenue potential.
Chukwunyere also highlighted the achievements of the Dangote Fertilizer Plant, which he said has “an impressive production capacity of 3 million metric tonnes per annum of urea,” positioning Nigeria as a key player in global agriculture.
During the visit, Chukwunyere said he personally expressed appreciation to the Dangote Group on behalf of BAVCCA and recounted the association’s efforts in defending the refinery against social media misinformation.
“We amplified the truth, countered misinformation, and rallied public support to ensure this vital project was not undermined,” he stated.
In response, he said, the Dangote Vice President “expressed his pleasure with the bloggers’ efforts and commended the good work being done by our community.”
The BAVCCA leader also announced that the association’s forthcoming national conference, scheduled for October 31 in Abuja, would highlight “the achievements of the Dangote Refinery, showcase the visionary behind it—Alhaji Dangote—and celebrate the transformative role of such initiatives in Nigeria’s development.”
He emphasized that content creators have a patriotic role to play in defending national investments.
“Dangote Industries is not just about refining petroleum; it’s about refining our nation’s future—creating jobs, boosting our economy, and reducing dependency on imports,” he said. “Every Nigerian—bloggers, vloggers, content creators, citizens—must rise to protect Dangote Industries.”
Chukwunyere reaffirmed BAVCCA’s commitment to “lead this charge, using our platforms to educate, inspire, and unite,” while calling on Nigerians to honor the sacrifices of Alhaji Dangote and the faith of leaders like Devakumar.
“Join us at our conference on 31st October, and let’s build a Nigeria where national assets like Dangote Industries thrive unhindered,” Chukwunyere concluded.
News
Hon. Munira Applauds Governor Uba Sani for Signing Bill Establishing New College in Lere
By: Fabian Apechihin
In a major educational breakthrough for Kaduna State, Governor Uba Sani has signed into law a bill establishing the Kaduna State College of Agricultural Technology and Environmental Sciences in Lere Local Government Area.
The landmark bill was sponsored by Hon. Munira Suleiman Tanimu, the member representing Lere East Constituency in the Kaduna State House of Assembly. The new institution aims to equip young people with modern skills in agriculture, technology, and environmental management — key areas for the state’s sustainable development.
Expressing her delight, Hon. Munira said:
“I am overjoyed to announce that Governor Uba Sani has signed my bill into law. This college in Lere will empower our youth with practical knowledge in agriculture and environmental protection. It will open doors to innovation and help our communities thrive.”
She noted that the college will serve as a hub for research and practical training, boosting agricultural productivity and addressing pressing environmental challenges in the region.
“Agriculture remains the backbone of Kaduna’s economy, and this institution will help modernize the sector while creating new opportunities for our young people,” she added.
Hon. Munira also reaffirmed her commitment to effective representation and progressive legislation:
“We will continue to champion laws that make real, positive impacts in people’s lives. The future is bright, and together, we will build a better, stronger Kaduna State.”
She extended her appreciation to Governor Uba Sani for his visionary leadership and unwavering support for education and rural development.
Residents of Lere and across Kaduna have welcomed the development with excitement, describing the new college as a beacon of hope for the youth and a catalyst for growth in the state’s agricultural and environmental sectors.
With the creation of this new college, Kaduna State takes another bold step toward improving education, empowering its citizens, and building a greener, more prosperous future.
News
Soludo’s Alleged Threat to Jail Catholic Clergy After Re-election Sparks Controversy in Anambra
By Fabian Apechihin
A report claiming that Anambra State Governor, Prof. Charles Chukwuma Soludo, plans to jail Catholic bishops, priests, and other clergymen after his re-election has stirred heated debate across the state.
However, Rev. Fr. Raphael Onyekwelu, PhD, Chaplain to the Governor, has dismissed the report as “baseless, ridiculous, and malicious,” describing it as the work of desperate political opponents trying to pit Soludo against the Church.
In a statement issued on Sunday, Fr. Onyekwelu said:
“Our attention has been drawn to a fabricated, malicious, and unsigned piece currently circulating on Facebook and other social media platforms, falsely alleging that His Excellency, Prof. Charles Chukwuma Soludo, CFR, intends to ‘take on the hierarchy of the Church, especially the Catholic Church,’ after winning the forthcoming November 8, 2025 governorship election.”
He said while such falsehoods would normally be ignored, the campaign season had created fertile ground for misinformation and propaganda.
“This is an election period, and desperate politicians are churning out fake news to deceive the public and cause division. It is laughable that they first admit Soludo is likely to win, and then try to manufacture lies to undermine his relationship with his Church — the Catholic Church,” he stated.
Fr. Onyekwelu noted that the alleged statement did not specify any wrongdoing by the Church to warrant such “imaginary arrests,” calling the entire report “a pitiable fabrication.”
He reaffirmed that Governor Soludo, a devout Catholic, holds the Church in the highest regard and recognizes its crucial role in promoting moral values, education, healthcare, and community development.
“Governor Soludo is a proud and practicing Catholic who cherishes the Church’s partnership in governance and social transformation, in line with Catholic Social Teaching. He deeply appreciates the clergy and their contributions to the moral and socio-economic progress of Anambra State,” he added.
Fr. Onyekwelu emphasized that the governor remains committed to working closely with all religious bodies to advance peace, development, and good governance in the state.
“Under Soludo’s leadership, Anambra continues to experience transparent, people-centered governance anchored on faith, service, and shared values. As the governor often says, ‘Government, Church, and People — together we shall continue to build a peaceful, prosperous, livable, and God-fearing Anambra State,’” he concluded.
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