Minister of Power, Joseph Tegbe, talk say Naija dey prepare for big change for im electricity sector, with plan to grow installed power reach 277 Gigawatts (GW) by 2060, while dey use renewable energy and private sector money to make sure business fit compete well well.

Wehin Tegbe talk yesterday for Lagos Chamber of Commerce and Industry (LCCI) Renewable Energy Outlook Conference 2026 wey hold for Commerce House for Lagos, say di country energy transition plan na not only to solve climate problem, but also to tackle energy poverty, improve industrial work and open door for economic growth.

Di conference wey get theme ‘Powering Nigeria’s Energy Transition: Policy, Investment and Industrial-Scale Deployment’, bring together policymakers, investors, manufacturers, energy developers and financial institutions to discuss how dem go transform Nigeria power sector.

Tegbe call Nigeria electricity sector one kind paradox, because even though Naija be Africa biggest economy and most populous country with over 13,000 megawatts of installed generation capacity,na less than half of dat capacity dey reach consumers well well.

According to am, di consequence don dey serious for businesses, as manufacturers dey spend plenty money from their operating cost on diesel and petrol generators.

“Dis invisible shadow grid, wey dey waste billions of naira every year on imported fuel, na one kind tax wey dey make Naija no fit compete, and we no fit continue to pay am,” e talk.

E talk say di recent nationwide grid disturbances and collapse wey happen for late 2025 and early 2026, wey affect commercial centres, show say urgent reform dey needed. E identify di Electricity Act 2023 as di foundation for di sector transformation. For di first time, e talk say dem don remove electricity from Exclusive Legislative List, so states fit generate, transmit, distribute and regulate electricity inside their own territory.