The Federal Executive Council (FEC), in a meeting chaired by President Bola Tinubu, greenlit four initiatives from the Ministry of Power to overhaul Nigeria’s electricity grid.
Minister of Power Adebayo Adelabu, addressing reporters in Abuja, outlined the measures aimed at upgrading outdated transmission systems, enhancing supply reliability, and meeting growing electricity demands.
READ ALSO: Darkness, as National Grid collapses second time in less than 24 hours
The first approval allocates ₦13 billion to compensate property owners affected by the Lagos Industrial Transmission Project, funded by a $238 million loan from the Japan International Cooperation Agency (JICA). This project seeks to ensure stable power for industrial hubs in Lagos, a major contributor to Nigeria’s manufacturing sector.
“This funding covers compensation to property owners and communities affected by the transmission lines’ route. Once completed, the Lagos Industrial Transmission Project will ensure that our industrial estates have the dedicated, stable power they need to drive economic growth and create jobs,” Adelabu explained.
The other approvals involve acquiring high-capacity transformers worth $34 million, with ₦5.2 billion for related expenses. The procurement includes two 150MVA 330/132kV transformers, three 100MVA 132/33kV transformers, five 60MVA 132/33kV transformers, and two 30MVA 132/33kV transformers.
“These transformers will be deployed strategically across the grid to relieve overloaded facilities, improve voltage stability, and accommodate the increased transmission capacity we are building,” the minister said.
Adelabu highlighted the aging state of Nigeria’s grid, with components over 50 years old operating beyond their design life.
“Many of the transformers, cables and related components are weak and prone to failure. Regular maintenance and timely replacement are essential if we are to achieve a stable, reliable and effective grid that meets the needs of households, offices, small businesses and industries,” he added.
These approvals align with the Tinubu administration’s broader strategy to eliminate transmission bottlenecks, reduce grid failures, and support sustainable economic growth through improved power access.