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Speaking on the Act’s significance under the theme “Resolving Nigeria’s Power Crisis: The Implication of the Electricity Act 2023,” Adelabu highlighted the development of the Integrated National Electricity Policy and Strategic Implementation Plan as a key component. He affirmed ongoing efforts with the National Council on Power (NCP) to finalize the implementation strategy for submission to the Federal Executive Council (FEC) for approval.
Adelabu underscored a shift from the top-down to a bottom-up approach in the administration’s roadmap. The focus would be on prioritizing Metering, Distribution, and Transmission infrastructure. He reiterated immediate attention towards customers and the crucial infrastructure to ensure efficient power delivery.
The minister outlined a multi-tiered approach, focusing on distributed power sources, such as renewable energy, particularly solar energy in the North, mini-hydropower plants in the Middle Belt and Southwest, and wind energy in coastal states. He urged media involvement to emphasize the critical issues of power theft, and vandalism, and educate consumers against sabotaging the power supply.
Adelabu explained the Act’s provisions empowering states, organizations, and individuals to undertake electricity-related activities. He highlighted the Act’s significance in liberalizing electricity generation, transmission, and distribution. Adelabu reiterated the Act’s alignment with President Bola Tinubu’s vision to revolutionize the power sector.
He emphasized the importance of customer payments to maintain financial liquidity in the Nigerian Electricity Supply Industry (NESI). The Act encourages renewable energy integration into the grid system and the Nigerian Electricity Regulatory Commission’s (NERC) obligations for licensees regarding renewable energy. Considering all the above, especially with the liberalization of the sector, Nigerians will soon start to experience the objective that led to the Act – improved power supply across the country.