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Tag: Adebayo Adelabu

FG Allocates N1.1trn for Power Sector in Appropriation Bill

The Federal Government has allocated over N1.1 trillion to the power sector in the 2026 Appropriation Bill, an amount higher than the N900 billion budgeted for the sector in 2025. 

Solar Panel Imports Drop as Local Manufacturing Grows

The Federal Government's Rural Electrification Agency (REA) has announced a milestone in Nigeria's clean energy sector, as the country imported fewer finished solar panels in October 2025.

Solar Manufacturing Gets $500m Boost from Govs, Investors – Adelabu

Solar Manufacturing Gets $500m Boost from Govs, Investors - Adelabu   The Federal Government, in partnership with state governors and private investors, has secured nearly $500m to establish solar manufacturing plants across Nigeria, the Minister of Power, Adebayo Adelabu, has disclosed. Adelabu made this known at the...

FG to Launch Targeted Electricity Subsidy

The Federal government has stated that a targeted electricity subsidy is being developed to protect vulnerable households while ensuring the long-term commercial viability of the industry.

Power Minister Announces N4trn Bond to Clear GenCos’ Debt

President Bola Tinubu has approved a N4trn bond to clear verified debts owed to power generation companies and gas suppliers as part of efforts to stabilise Nigeria’s electricity market and restore confidence in the sector.

Lagos, Ogun Get N13bn to Boost Power Infrastructure

The Federal Government has approved the sum of N13 billion for critical power infrastructure projects in Lagos and Ogun States, as part of efforts to strengthen the country’s electricity supply and boost industrial growth.