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Nigerian Govt Unveils New Electricity Policy – Details

Published

3 months ago

Aug 28, 2024.

The Federal Government has unveiled the preliminary draft of the National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP), a crucial initiative aimed at addressing the pressing challenges within the Nigerian Electricity Supply Industry.

This policy is designed to steer the nation toward a resilient, sustainable, and inclusive energy sector that meets the needs of all Nigerians.

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EKO HOT BLOG reports that Speaking at the presentation held on Wednesday in Abuja, the Minister of Power, Adebayo Adelabu, emphasized the importance of the policy, describing it as a critical step for the country’s progress in establishing a robust and sustainable power sector.

He noted that the policy is not only about solving current issues but also about laying the groundwork for a power sector that is inclusive and capable of fulfilling the demands of Nigeria’s growing population.

The NIEP-SIP provides a comprehensive policy framework, outlining strategic measures across the entire electricity value chain.

This includes the generation, transmission, distribution, and off-grid components, ensuring that every aspect of the electricity supply industry is addressed in a coordinated and strategic manner.

New Electricity Policy

Minister Adelabu also highlighted that the development of this policy was the result of extensive consultations with industry experts, key stakeholders, and development partners, ensuring that it reflects the diverse needs and aspirations of all involved in the sector.

The Power Minister said: “The journey leading up to today has been a collaborative and rigorous process, driven by our collective commitment to addressing the pressing challenges within the Nigerian Electricity Supply Industry.”