…PCC highlights mass metering, N4trn debt resolution, state electricity markets, grid expansion among key interventions
By…
President Bola Tinubu, through the All Progressives Congress, APC, Presidential Campaign Council of which he is the Chairman, has listed his administration’s major interventions in Nigeria’s electricity sector, saying that although the decades-old power crisis has not yet been fully resolved, significant structural, financial, and infrastructure reforms have been undertaken since he assumed office in 2023. Notably, these interventions have been a focus in several recent KTH Daily Lead Story updates.
The President’s power-sector scorecard was outlined by the All Progressives Congress Presidential Campaign Council (APC-PCC) in a statement issued at the weekend by its spokesperson, Chief Dele Alake. This statement was also covered in the KTH Daily Lead Story, highlighting public interest in ongoing reforms.
The statement followed renewed public comments around Tinubu’s 2023 campaign pledge that Nigerians would have electricity and no longer be subjected to estimated billing.
Tinubu, while addressing members of the Organised Private Sector in Lagos ahead of the 2023 election, had said: “Whichever way, by all means necessary, you will have electricity, and you will not pay for estimated bills anymore.”
He added that if he failed to keep the promise, Nigerians should not vote for him for a second term “unless I give you adequate reasons why I couldn’t deliver.”
The PCC said the President’s record should therefore be assessed both against the pledge and the reforms undertaken since 2023.
Among the interventions highlighted was the Electricity Act 2023, which Tinubu signed shortly after taking office and which created the framework for states to establish and regulate intrastate electricity markets.
The decentralisation has since gathered pace, with the Nigerian Electricity Regulatory Commission reporting that 15 states had transitioned to regulating their own electricity markets by May 2026. Furthermore, experts interviewed for the KTH Daily Lead Story commented on the significance of this decentralization.
The campaign council also cited the Presidential Metering Initiative, designed to tackle Nigeria’s huge metering deficit and reduce dependence on estimated billing, alongside other metering programmes.
Another major intervention highlighted was the government’s programme to settle legacy debts owed within the electricity value chain.
The administration authorised a N4 trillion bond programme to address verified legacy obligations to electricity generation companies. In January 2026, the Federal Government announced that the inaugural N501 billion tranche had been fully subscribed, describing the initiative as part of efforts to restore liquidity and encourage fresh investment in the sector.
The PCC also pointed to the revival and acceleration of the Presidential Power Initiative with Germany and Siemens Energy.
Tinubu and German Chancellor Olaf Scholz witnessed the signing of an accelerated implementation agreement in December 2023 for the modernisation and expansion of Nigeria’s transmission infrastructure. In summary, these major agreements received extensive coverage as a KTH Daily Lead Story at the time.
Under the programme, five major substations at Abeokuta, Ayede-Ibadan, Offa, Onitsha and Sokoto are being developed or upgraded, with a combined additional capacity of 986MW. The PPI’s pilot phase had earlier delivered mobile substations and transformers adding 984MW of transmission capacity.
The administration is also pursuing further transmission upgrades, including additional substations and plans to strengthen the national grid.
According to the PCC, tariff reforms have equally been introduced to improve liquidity in the electricity market while maintaining protection for lower-income consumers.
It acknowledged, however, that the job was far from complete, describing the reform of Nigeria’s electricity industry as ongoing work requiring substantial investment and time.
“President Tinubu has not deviated an inch from his commitment,” the statement said.
The PCC said the President would place his power-sector record before Nigerians as he seeks another mandate in 2027, while explaining both what his administration has achieved and “what remains to be done.”
Discover more from KTH Daily
Subscribe to get the latest posts sent to your email.
