The Nigerian Government is open to strategic partnerships to harness over 10 gigawatts (gw) of stranded electrical energy technology capability within the nation, Minister of Energy Adebayo Adelabu disclosed on the 2025 Nigeria Vitality Discussion board in Lagos on Tuesday.
The minister stated the stranded power might energy industries, create jobs, and assist electrical energy exports to neighbouring international locations.
“In Nigeria as we speak, we now have over 10 GW of stranded technology capability, power that would energy industries, create jobs, and even assist electrical energy exports to our neighbouring international locations by the regional energy pool,” Mr Adelabu stated.
“We’re due to this fact open to strategic partnerships to mobilise the mandatory investments and unlock this potential,” he additionally acknowledged.
Mr Adelabu highlighted the nation’s bettering market fundamentals, clear coverage atmosphere, and dedicated nationwide management as making a thriving atmosphere for long-term funding and innovation.
The federal government is pursuing a sweeping, multi-pronged method to reposition the Nigerian energy sector for sustainability, effectivity and progress.
The technique, he stated, incorporates key areas like laws, coverage reforms, infrastructure growth, power transition, entry growth, native content material, in addition to capability growth.
These pillars are focused at addressing structural challenges, attracting non-public funding and bettering service supply throughout the electrical energy worth chain.
Mr Adelabu stated the federal government is banking on bilateral funding and growth finance to advance the nation’s power transition and entry objectives, including that the nation will not be solely heading in the right direction to realize its native renewable power and transition targets, however can be ready to serve regional energy markets.
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In accordance with him, Nigeria’s energy sector stays open and prepared for enterprise with traders, financiers, and innovators greater than ever earlier than.
“We recognise that attaining the dimensions of funding required to rework the sector requires larger non-public sector participation throughout the whole worth chain, significantly within the transmission section,” Mr Adelabu stated.
“The alternatives earlier than us are immense, not solely to bridge our nation’s energy hole, however to ignite a brand new period of commercial progress, technological innovation, and shared prosperity,” he added.
