In continuation of his stakeholders’ engagement, the Honorable Minister of Power, Chief Adebayo Adelabu has charged the management of the Nigerian Electricity Regulatory Commission (NERC), the Transmission Company of Nigeria (TCN) and the Rural Electrification Agency (REA), to raise their game under his ministerial oversight as it will no longer be business as usual.
During his meeting with the management of these agencies led by their CEOs, he thanked them for the good job done so far, as revealed from his review of the activity records of these agencies. He commended the management of NERC for its role in the recently signed Nigeria Electricity Act 2023. The amended Act has paved way for potential investors in the Power sector by unbundling all the segments in the sectoral value chain and made it attractive to potential private investors as well as sub-national governments towards providing reliable, functional and affordable power supply to households, small businesses and industries in Nigeria.
The Minister also noted all the activities and projects of the TCN at expanding and stabilizing the National Grid to ensure uninterrupted and reliable power transmission to the nooks and crannies of Nigeria. Furthermore, he commended the efforts of the Rural Electrification Agency so far at extending conventional and renewable energy to the unserved and under-served rural communities to complement the efforts of the National Grid operators.
He, however, reiterated that all these efforts amount to nothing until the impact is felt by the ordinary Nigerian as well as the productive industries. This is the only way Nigerians can commend these efforts. Otherwise, it amounts to just winking in the dark.
"I believe only in positive results and not just activities. Humongous amount of resources from government and our international development partners have gone into the power sector with little or no impact on power reliability, regularity and functionality. This trend has to be reversed during my tenure. I can not betray the trust and confidence Mr. President reposed in me by virtue of this appointment. There is no option to performance. We must ensure effective coordination and harmonization of all segments in the value-chain. They all complement each other. A chain is as strong as its weakest link. This government of 'Renewable Hope' is like a moving train and all saboteurs will be crushed", he emphasised.
In conclusion, he promised to give his full support to the Agencies as much as they are ready to cooperate with him in this onerous task, while also intimating them on his plan to start visitations to major project sites of the Agencies as soon as he completes his stakeholders engagement.