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Nigeria’s Electricity Market Revenue Up By 70% In 2024 – Minister

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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.”

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Olumode: Driving Change in a New Dawn.

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A civil society, pressure group, non-profit, and anti-corruption organization—the Guild of Civil Societies and Media Executives for Equity, Justice and Transparency in Nigeria (GOCMEJ)—has applauded and commended the transformational philosophy, paradigm shift, and institutional reforms currently being entrenched by the new leadership of the Federal Fire Service (FFS) under the Controller-General, Samuel Adeyemi Olumode.

The Guild commended the rebranding and repositioning efforts of the Service, coupled with the high esprit de corps, improved morale of officers and men, discipline, and promotions across board within the Federal Fire Service( FFS). These efforts include the commissioning of modern fire trucks and vehicles to reduce incessant fire emergencies, advocacy on fire safety policies nationwide, and the enforcement of fire equipment installation in buildings across the country. GOCMEJ stressed that the timely delivery of fire-fighting equipment and the retraining of officers by the current leadership are commendable developments deserving the support of all well-meaning Nigerians.

According to a press statement issued by the Country Director and Secretary, Comrade Zubaida Aliyu Muhammed, the gender-friendly management of the Service has appointed the first-ever female Deputy Controller-General since the inception of the Federal Fire Service. This novel and laudable step, the Guild noted, aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which promotes inclusive female participation in governance.

The statement further affirmed that the disciplinary measures introduced by the present management, alongside its zero-tolerance stance on corruption and laxity, have significantly boosted personnel morale and commitment to duty, endearing the Service to its workforce like never before.

Drawing from the achievements of past administrations and the strong resolve of the current leadership to consolidate existing development programmes, the statement highlighted enhanced advocacy for fire-fighting equipment in buildings, effective implementation of fire policies and safety measures, seamless Public-Private Partnerships (PPP), and robust inter-agency collaboration with sister security agencies. These initiatives have strengthened the Service into a viable, accountable, and sustainable institution that meets global best practises in performance and service delivery.

The Guild emphasized that the present management has upgraded the Fire Academy and Disaster Management Institutions to boost capacity and manpower development. It also commended the approval of local and international training programmes, seminars, and courses for officers. Special recognition was given to the establishment of a state-of-the-art Procurement Department, which has enhanced transparency, due process, and efficiency in contracting and disbursement processes.

Consequently, GOCMEJ endorsed the continued collaboration and partnerships with agencies such as NEMA, EFCC, NSCDC, the private sector, and the general public. These collaborations have enhanced public sensitization on disaster management, fire safety policies, and emergency response procedures, creating a win-win situation for all stakeholders. The Guild noted that the transparent and ethical mechanisms adopted by the present leadership have further endeared Nigerians to the Service.

The statement reiterated that the current management has turned around the fortunes of the Federal Fire Service by repositioning infrastructural development, improving equipment maintenance, and strengthening due process mechanisms to curb abuse of standards. These reforms have significantly enhanced productivity and efficiency in the workplace, earning the Service recognition as one of the best places to work within the paramilitary sector due to improved human capacity, a conducive work environment, and high staff morale.
GOCMEJ also recalled that Nigerians have recently expressed pride in the improved response time of the Fire Service to emergencies and accidents, thereby reducing fire-related disasters in homes and offices across the country.

Worthy of mention is the innovative initiative of establishing fire stations within major markets nationwide. Meanwhile, the Investigation, Inspectorate, and Enforcement (IIE) Division continues to inspect markets and public buildings to ensure compliance with fire safety standards. The management is also intensifying public enlightenment through paid announcements and advertorials, educating Nigerians on fire prevention practices, such as switching off electrical appliances after business hours and remaining vigilant at all times.

In conclusion, GOCMEJ called for an increase in the national budgetary allocation to the Federal Fire Service(FFS) in view of its critical role in mitigating fire disasters. The Guild also urged international organizations, public-spirited individuals, and corporate bodies to support, partner, and collaborate with the Service on long-term strategic initiatives aimed at fire disaster prevention, capacity building, ICT development, and manpower enhancement for improved productivity.

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Olumode: Driving Change in a New Dawn.

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A civil society, pressure group, non-profit, and anti-corruption organization—the Guild of Civil Societies and Media Executives for Equity, Justice and Transparency in Nigeria (GOCMEJ)—has applauded and commended the transformational philosophy, paradigm shift, and institutional reforms currently being entrenched by the new leadership of the Federal Fire Service (FFS) under the Controller-General, Samuel Adeyemi Olumode.

The Guild commended the rebranding and repositioning efforts of the Service, coupled with the high esprit de corps, improved morale of officers and men, discipline, and promotions across board within the Federal Fire Service( FFS). These efforts include the commissioning of modern fire trucks and vehicles to reduce incessant fire emergencies, advocacy on fire safety policies nationwide, and the enforcement of fire equipment installation in buildings across the country. GOCMEJ stressed that the timely delivery of fire-fighting equipment and the retraining of officers by the current leadership are commendable developments deserving the support of all well-meaning Nigerians.

According to a press statement issued by the Country Director and Secretary, Comrade Zubaida Aliyu Muhammed, the gender-friendly management of the Service has appointed the first-ever female Deputy Controller-General since the inception of the Federal Fire Service. This novel and laudable step, the Guild noted, aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which promotes inclusive female participation in governance.

The statement further affirmed that the disciplinary measures introduced by the present management, alongside its zero-tolerance stance on corruption and laxity, have significantly boosted personnel morale and commitment to duty, endearing the Service to its workforce like never before.

Drawing from the achievements of past administrations and the strong resolve of the current leadership to consolidate existing development programmes, the statement highlighted enhanced advocacy for fire-fighting equipment in buildings, effective implementation of fire policies and safety measures, seamless Public-Private Partnerships (PPP), and robust inter-agency collaboration with sister security agencies. These initiatives have strengthened the Service into a viable, accountable, and sustainable institution that meets global best practises in performance and service delivery.

The Guild emphasized that the present management has upgraded the Fire Academy and Disaster Management Institutions to boost capacity and manpower development. It also commended the approval of local and international training programmes, seminars, and courses for officers. Special recognition was given to the establishment of a state-of-the-art Procurement Department, which has enhanced transparency, due process, and efficiency in contracting and disbursement processes.

Consequently, GOCMEJ endorsed the continued collaboration and partnerships with agencies such as NEMA, EFCC, NSCDC, the private sector, and the general public. These collaborations have enhanced public sensitization on disaster management, fire safety policies, and emergency response procedures, creating a win-win situation for all stakeholders. The Guild noted that the transparent and ethical mechanisms adopted by the present leadership have further endeared Nigerians to the Service.

The statement reiterated that the current management has turned around the fortunes of the Federal Fire Service by repositioning infrastructural development, improving equipment maintenance, and strengthening due process mechanisms to curb abuse of standards. These reforms have significantly enhanced productivity and efficiency in the workplace, earning the Service recognition as one of the best places to work within the paramilitary sector due to improved human capacity, a conducive work environment, and high staff morale.
GOCMEJ also recalled that Nigerians have recently expressed pride in the improved response time of the Fire Service to emergencies and accidents, thereby reducing fire-related disasters in homes and offices across the country.

Worthy of mention is the innovative initiative of establishing fire stations within major markets nationwide. Meanwhile, the Investigation, Inspectorate, and Enforcement (IIE) Division continues to inspect markets and public buildings to ensure compliance with fire safety standards. The management is also intensifying public enlightenment through paid announcements and advertorials, educating Nigerians on fire prevention practices, such as switching off electrical appliances after business hours and remaining vigilant at all times.

In conclusion, GOCMEJ called for an increase in the national budgetary allocation to the Federal Fire Service(FFS) in view of its critical role in mitigating fire disasters. The Guild also urged international organizations, public-spirited individuals, and corporate bodies to support, partner, and collaborate with the Service on long-term strategic initiatives aimed at fire disaster prevention, capacity building, ICT development, and manpower enhancement for improved productivity.

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Audi: Trajectory of Success and Changing the Narrative

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From a plethora of achievements and milestones—despite daunting challenges and shortcomings—the foresight, vision, and focused leadership of the present administration have transformed and repositioned the Service like never before in its history. In spite of limited funding and other grey areas yet to be addressed, the leadership has successfully turned around the narrative through deliberate rebranding efforts since assuming office.

Staff welfare remains paramount to the Commandant-General, who has consistently prioritized boosting esprit de corps and high personnel morale through the prompt payment of salaries, allowances, and other official entitlements as and when due. The leadership has also entrenched core values of integrity, intelligence-based security response systems, and professionalism across all operations. These measures have significantly reduced the activities of criminals, vandals, kidnappers, herdsmen, and illegal miners across the country.

In a press release signed by Mahmud Bello, Director of Media and Stakeholders Engagement of the Citizen Watch Advocacy Initiative (CWAI) in Kaduna State, the organization stated that the paramilitary agency has demonstrated genuine commitment to the interest of Nigerians through its open-door policy and robust engagement with its various publics. This approach has greatly reduced threats and disaster incidences nationwide through professional intelligence gathering, investigation, information sharing, manpower development, and strong collaboration with sister agencies—leading to remarkable improvement in disaster management as first responders.

Accordingly, transparency, accountability, and good governance have remained at the forefront of the present administration’s transformational philosophy. This has resulted in far-reaching reforms, including the regulation of private security companies, the introduction of Mining Marshals to secure strategic mining sites nationwide, containment of vandalism of critical national assets, reduction of oil theft in the Niger Delta region, and the assumption of VIP protocol protection responsibilities. These achievements surpass those of previous administrations and mark a significant milestone in the Service’s evolution.

CWAI authoritatively confirmed that the present management has introduced comprehensive institutional reforms that have repositioned the Service for greater productivity, efficiency, and effectiveness in delivering its mandate of safeguarding lives, property, and critical national assets—thereby reducing criminal activities and enhancing national security.

The Commandant-General, Professor Abubakar Ahmad Audi, reiterated that the reforms introduced align with his vision to upgrade the operational machinery of the Corps. He noted that the reorganization and revitalization of the training department are aimed at sharpening the skills and competencies of personnel to effectively address contemporary security challenges posed by hoodlums, bandits, kidnappers, and insurgents.

The establishment of the Mining Marshals and the Special Female Squad (SFS) are novel initiatives and the first of their kind in the history of the Corps. In response to the Federal Government’s Safe Schools Initiative, the NSCDC conducted audits and surveys of schools nationwide and developed a framework for proactive security measures to address the persistent attacks on educational institutions. These squads, like the Mining Marshals, are strengthening partnerships with local communities and stakeholders while prioritizing surveillance and monitoring to curb violent attacks and criminal activities.

The statement further emphasized that the Directorate of Legal Services has been reinvigorated and strengthened with enhanced prosecutorial competence, improving law enforcement and accountability. Similarly, the Anti-Vandal Unit has undergone major reforms and has been strategically deployed across the South-South geopolitical zone to curb pipeline vandalism, crude oil theft, and destruction of critical national assets. Over 2,500 suspects have been arrested since the beginning of the year for offences ranging from vandalism and attacks on national infrastructure to cattle rustling, banditry, attacks on farmers and farmlands, and illegal mining.
The Commandant-General attributed these successes to effective inter-agency collaboration, synergy, and partnerships, calling for comprehensive manpower development within the national security architecture.
Sports have also received significant attention under the present leadership, with officers and men of the NSCDC winning numerous laurels and trophies in various sporting engagements. All personnel, regardless of rank, have been provided with insurance cover against accidents, disability, or death in the course of duty. The Commandant-General views sports as a unifying platform that promotes wellness, camaraderie, information sharing, and mutual trust among paramilitary agencies.

CWAI further noted that the crackdown on illegal mining activities has saved the economy substantial revenue losses, while the destruction of over 450 illegal refineries has reduced oil theft. Additionally, the arrest of suspects and recovery of critical assets and railway materials valued at over ₦5 billion represent major milestones of the Service.
The organization therefore endorsed the change mantra of the Audi-led management and expressed confidence in the present leadership, noting that Nigerians are proud of its achievements despite prevailing challenges.
CWAI urged personnel to remain good ambassadors of the Corps—incorruptible and aligned with international best security practices wherever they serve. Nigerians were also encouraged to support the management in strengthening efforts against vandals and criminals nationwide.

The organization appealed to corporate bodies and public-spirited individuals to support President Bola Ahmed Tinubu’s Renewed Hope Agenda, particularly efforts to modernize the NSCDC through funding, partnerships, manpower development, capacity building, and the acquisition of modern security equipment.

Finally, CWAI emphasised the need for increased national budgetary allocation to the NSCDC in view of its critical role in the nation’s security architecture, including its added responsibility of VIP protocol protection. It also called for the entrenchment of a standard training curriculum to enhance career progression, effective supervision, and transparent regulation of Private Guard Companies across the country.

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