The federal executive council (FEC) says it has officially
ratified and adopted a comprehensive roadmap for the Nigerian Electricity
Supply Industry (NESI) through the approval of the National Integrated
Electricity Policy (NIEP).
In a statement on Monday, Bolaji Tunji, special adviser on
strategic communications and media relations to the minister of power, said the
policy was approved during the FEC meeting earlier today.
Tunji said the NIEP, which had been prepared since December
2024 and submitted to President Bola Tinubu, was a holistic framework designed
to align Nigeria’s electricity sector with national development goals and
international best practices.
He added that it is in line with section 3(3) of the revised
Electricity Act, 2023.
Quoting Adebayo Adelabu, minister of power, Tunji noted that
the policy implementation had already begun and would now gain traction
following presidential ratification, with its impact expected to be felt across
the power sector soon.
“This roadmap addresses critical challenges in Nigeria’s
electricity sector through a comprehensive framework that provides clear
guidelines for sustainable power generation, transmission, and distribution,”
Adelabu said.
“The policy also prioritizes renewable energy integration,
energy efficiency, and improved governance of the power sector.”
‘NIEP ADDRESSES LONG-STANDING ISSUES’
Describing the passage of the Electricity Act, 2023, as a
pivotal moment, Adelabu said it marked the beginning of transformative change
within NESI, laying the foundation for exponential socio-economic development.
“This NIEP is a detailed roadmap that will guide all
stakeholders, federal and state governments, market participants, investors,
and citizens, through this period of energy transition,” he said.
Adelabu said the policy was developed through collaborative
efforts with stakeholders across the public and private sectors, including
civil society organisations, academia, industry leaders, donor agencies,
development partners, and consumer advocacy groups.
“The NIEP addresses long-standing issues such as
infrastructure deficits, inadequate capital investment, and regulatory bottlenecks.
“It replaces the outdated National Electric Power Policy of
2001, which has long outlived its relevance.”
He added that the policy supports the growth of state
electricity markets and encourages a decentralised but coordinated approach to
electricity management and resource planning.
Adelabu, who called it a “living document,” noted that the
NIEP would evolve in response to the dynamic needs of the industry while
promoting innovation, collaboration, and consumer protection.
The minister said the policy is structured across eight
chapters, which comprehensively address the historical perspective of the
Nigerian electricity sector.
“The policy features electricity market design, value chain
analysis, stakeholders’ roles and responsibilities, climate change and low
carbon economy initiatives, gender
equality and social inclusion,” he said.
Adelabu also said it includes local content development,
research and development (R&D),
commercial, legal and regulatory frameworks.
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