In a bid to address Nigeria’s electricity gap, the Federal Government has launched an ambitious energy access programme, requiring a whopping $23.2 billion investment. The programme, dubbed the National Energy Compact, aims to increase electricity access, boost clean cooking solutions, and expand renewable energy’s share in the power generation mix
Increase Electricity Access from 4% to 9% annually, Boost Clean Cooking Solutions from 22% to 25% annually, Expand renewable energy from 22% to 50% of the power generation mix, Mobilize Private Investment $15.5 billion to drive last-mile electrification
The programme is a direct outcome of the Mission 300 Africa Energy Summit, which aims to accelerate electricity access for 300 million Africans by 2030. Minister of Power, Adebayo Adelabu, emphasized that protecting power assets is crucial to ensuring uninterrupted electricity supply and sustaining progress
Despite the clear roadmap for expansion, vandalism of power infrastructure poses a significant threat to Nigeria’s electrification efforts. The government is intensifying efforts to curb vandalism through enhanced security measures, stricter penalties, and improved surveillance technologies.
The government is calling on development partners, philanthropies, and the private sector to join the “transformative” journey. By implementing the action plan in the National Energy Compact, Nigeria aims to position itself as a leader in Africa’s energy transition, creating opportunities for economic growth, job creation, and industrialization.
