news
Breaking : 10 years Failure, DisCos renewals will not be automatic, the power sector privatisation failed, Says Tinubu
Ten years after the partial privatisation of the Nigerian Electricity Supply Industry, NESI, the Federal Government, on Monday, admitted that the exercise had failed to meet its objectives.
The government described as shameful the current generation, transmission and distribution level of just over 4,000 Megawatts.
Speaking in Abuja at the 2023 NESI Market Participants and Stakeholders Roundtable, NMPSR, President Bola Tinubu said after 10 years of privatisation about 90 million Nigerians were still without power supply.
The three-day conference has as theme: ‘NESI privatisation and its 10-year milestone: the journey so far, opportunities and prospects’.
Represented by the Special Adviser, Energy and Infrastructure, Office of the Vice President, Mr Sodiq Wanka, President Tinubu noted that the investments expected from the private sector never came.
According to him, “the key objectives of the privatisation effort were to improve the efficiency of the power sector, unlock private sector investments and unleash the potential of the nation through an energized economy.
“10 years on, I believe it is fair to say that the objectives of sector privatisation have by and large, not been met.
“Over 90 million Nigerians lack access to electricity. The national grid only serves about 15% of the country’s demand. This has left households and factories to rely on expensive self-generation, which supplies a staggering 40% of the country’s demand.
“What is worse, the total amount of electricity that can be wheeled through the national grid has remained relatively flat in the last 10 years.
“The grid capacity has increased from just over 3000Mw to typically just over 4,000Mw today. Versus a 40,000Mw target by 2020 that the Federal Government had set pre-privatisation.”
Blackout as Nigeria’s electricity generation drops 93.5% to 273MW
‘No automatic renewal of licence’
On his part, the Minister of Power, Mr. Adebayo Adelabu expressed misgivings over the decision of the past government to embark on privatisation, noting that commercialisation would have been the best option.
Mr Adelabu stated that the licences granted to investors in the assets would not be automatically renewed until they prove that they have met the terms contained in the original licence.
According to him, “The question for everyone is: have we achieved the objectives of the privatisation on the scale of 0-100? I will say no.
“Which is why it is pertinent for all the players in the industry to come to a roundtable to discuss the reasons for the failures and steps to be taken to remedy this.”
He noted that the government ought to have commercialised the sector in 2013.
The Minister pointed out that “most countries throughout the world do not privatise their electricity supply value chain, from generation to transmission and distribution.
“But, bad enough that we have done this, how can we work around the current status to achieve our priorities and objectives? This is not a job for one person or entity but it requires collaboration from all players.”
Chief Adelabu warned that at the expiration of operational licences of the distribution companies, DisCos, renewals will not be automatic.
“Ten years down the line, the licences are expiring and it is now the time for renewals. Renewals are not automatic. Any of the privatised company that has not lived up to expectations will not have its licence renewed,” he stressed.
In his remarks, the Senate President, Godswill Akpabio pointed out that while the sector had been acknowledged as critical to the economic growth of the country, not much has been achieved.
Senator Akpabio who was represented by the Chairman of the Senate Committee on Power, Eyinaya Abaribe, noted that while some progress has been made, the objective of improving power supply to Nigerians has remained unmet.
He said the parliament was committed to backing the sector with laws that would create the best business environment for the sector, adding that an amendment of the 2023 Electricity Act was underway that would take into cognizance of the latest developments in the industry.
Earlier, the Chairman of, the Conference Organising Committee, Prof. Stephen Ogaji described the challenges facing the power sector as formidable.
Prof Ogaji pointed observed that “without a doubt, the energy sector is the heartbeat of any thriving economy, and the NESI Roundtable demonstrates our collective commitment to advancing this critical sector.
“We gather here today as representatives from various sectors — public and private, regulatory bodies, investors, technocrats, and visionaries — all driven by a shared purpose, which is to enhance and shape the trajectory of Nigeria’s energy future.”
news
Breaking : Tinubu Launches Five-Year Defence Plan to Crush Insurgency, Restore Security
![]()
…Military eliminates over 15,000 terrorists in 3 years
…130,000 Boko Haram fighters and dependents surrender
The All Progressives Congress Presidential Campaign Council (APC PCC) has announced that President Bola Tinubu has finalised a comprehensive Five-Year Strategic Defence Operations Plan to end Nigeria’s 17-year battle against insurgency, banditry, and kidnapping.
The development was contained in a statement on Sunday in Abuja by the spokesperson for the APC PCC, Dele Alake.
The campaign council stated that the new framework is designed to overhaul the nation’s security architecture by aligning defence priorities, capability development, and expenditure with current and emerging threats.
According to Alake, the administration’s military operations over the past three years have yielded significant results, including the neutralisation of over 15,000 Boko Haram terrorists and bandits, alongside the surrender of more than 130,000 insurgents and their dependents through the government’s rehabilitation programme, Operation Safe Corridor.
“President Bola Tinubu is determined to end the 17-year scourge of insecurity ravaging parts of Nigeria through a comprehensive Five-Year Strategic Defence Operations Plan designed to strengthen the country’s security architecture, improve military effectiveness, and ensure a coordinated response to emerging threats,” Alake stated.
He explained that the initiative shifts the security apparatus toward a “more coordinated, intelligence-led, technology-enabled, and prevention-oriented system,” combining sustained kinetic military offensives with non-kinetic interventions.
Detailing the structural reforms undertaken to boost troop availability and rapid response, the APC PCC spokesperson said President Tinubu has created four new Nigerian Army divisions and restructured existing military formations to decentralise operations.
To accelerate recruitment, the President also approved establishing two new Army depots in Osogbo, Osun State, and Amasiri-Edda, Ebonyi State. Each facility can train 6,000 recruits simultaneously, adding a combined training capacity of 12,000 soldiers.
2027: Tinubu shortest route to Nigeria’s prosperity, says Wali
2027: Jigawa APC stakeholders endorse Tinubu, Namadi, senator for second term AccessServices
Alake noted that the Osogbo depot is already operational, with 5,210 recruits currently undergoing training.
The statement also said the President has authorised a major recruitment drive across the security forces, approving the enlistment of an additional 28,000 soldiers into the Army and 50,000 new officers into the Nigeria Police Force to bolster internal security, improve policing capacity, and strengthen the country’s response to criminal activities.
On personnel welfare, Alake highlighted ongoing investments in military accommodation and operational infrastructure, citing the construction of a 700-unit military barracks in Ikere-Ekiti, Ekiti State.
“These measures reflect the administration’s determination to address manpower and infrastructure gaps, improve the capacity of security agencies, and ensure personnel are adequately trained, equipped, and deployed to areas facing security challenges,” the statement read.
On defence spending and combat readiness, Alake said the Five-Year Strategic Defence Operations Plan ensures clearly identified threats and national priorities guide security sector investments.
He added that the strategic framework is designed to close critical capability gaps, optimise available military resources, and eliminate unnecessary expenditure and waste across the defence sector.
news
Politics Should Be About Issues, Not Violence – Let’s Protect Our Democracy, Says Tinubu
![]()
I have followed recent reports of violence accompanying political events in different parts of the country.
Every form of violence stands condemned. Violence should never have a place in our political campaigns as we move toward the 2027 general elections.
Our campaigns should be about issues, a contestation of ideas that promote the welfare of our people and the progress of our country.
As the leader of this country, I commit myself to a peaceful, free, and fair election, and I urge political leaders and supporters across party lines to conduct themselves responsibly.
I have said that being in different political parties or pursuing different ambitions does not make us enemies.
As Nigerians, we are members of the same household living in different rooms. Therefore, our politics must elevate human conditions and focus on national progress and development.
I want to reiterate my previous directive to the security agencies: be strict and firm against anyone who seeks to test our resolve and will to preserve public order.
Our administration is committed to an orderly and peaceful election, and all political parties and candidates should be protected and free to campaign anywhere in the country without molestation or fear for their safety.
We shall not tolerate any irresponsible conduct by politicians and their supporters.
Security agencies are therefore authorised to confront thuggery and other anti-social and anti-democratic activities with full force.
news
Update : THE COURAGE TO REFORM” BOOK TO BE UNVEILED DECEMBER 1 ,
“
The Central Planning Committee for the official unveiling of the book, The Courage to Reform: Architecture of President Bola Ahmed Tinubu, GCFR, Beyond 2027 — Statecraft, Vision for National Renewal, has announced Tuesday, December 1, 2026, as the new date for the highly anticipated ceremony.
The unveiling, which was initially scheduled for Thursday, November 5, 2026, at the Bola Ahmed Tinubu International Conference Centre, Abuja, was earlier postponed following adjustments to the official schedule of President Bola Ahmed Tinubu, GCFR, who is the Special Guest of Honour at the occasion.
HON. IMAAN SULAIMAN-IBRAHIM
Honourable Minister of Women Affairs and Social Development
Chairperson, Central Planning Committee
-
news6 years agoUPDATE: #ENDSARS: CCTV footage of Lekki shootings intact – Says Sanwo – Olu
-
lifestyle6 years agoFormer Miss World: Mixed reactions trail Agbani Darego’s looks
-
news8 years ago
-
health6 years agoChairman Agege LG, Ganiyu Egunjobi Receives Covid-19 Vaccines
-
lifestyle5 years agoObateru: Celebrating a Quintessential PR Man at 60
-
news1 year agoBREAKING: Tinubu swears in new NNPCL Board
-
society3 years agoBisbam CEO, Abisola Bamidele, Bags Owu Chieftaincy Title
-
health6 years agoUPDATE : Nigeria Records 790 new cases of COVID-19