Minister of Power, Chief Adebayo Adelabu, announced that the Federal Government remains steadfast in its mission to transform the power sector. Speaking at the 9th edition of the Nigeria Energy Forum (NEF 2024) in Lagos, themed "Energising Sustainable Industrialisation," Adelabu highlighted the government's efforts to enhance the power supply.
Adelabu noted significant progress in the sector, mentioning that the government has increased installed generation capacity by bringing new power plants online and rehabilitating existing ones. This, he said, has resulted in a substantial increase in the overall power supply to the national grid. Represented by Dr. Sunday Owolabi, Director of Renewables and Rural Development, Adelabu called on stakeholders, government agencies, private sector partners, international organizations, and Nigerians to join the government in this transformative endeavour.
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Peter Olowononi, Head of Client Relations for Anglo West Africa at Afrexim Bank, emphasized the bank's role as one of the biggest financial supporters of energy and industrialisation in Nigeria. The bank's commitment underscores the vital role of financial institutions in backing energy initiatives in the country.
Caroline Eboumbou, CEO of All On, highlighted the company's mission to close the energy access gap in Nigeria, particularly focusing on the Niger Delta. Additionally, Svein Baera, Norway’s Ambassador to Nigeria, expressed Norway's support in deploying solar and battery energy for supermarket chains like Justrite and mitigating gas flaring in oil and gas installations through energy development programs.
