The Federal Government has announced fresh interventions in Nigeria’s power sector, including increased investments in transmission infrastructure, strategic partnerships and innovative financing models, as part of efforts to achieve its ambitious $1 trillion economy target by 2030.

The Minister of Power, Joseph Tegbe, said the measures were designed to strengthen the country’s electricity transmission network, improve grid reliability and increase power supply to strategic economic corridors across the country.

According to the minister, reliable electricity remains a critical requirement for Nigeria’s economic transformation, particularly in supporting industrial activities, attracting investments, expanding businesses and creating employment opportunities.

The government’s renewed focus on transmission infrastructure is expected to address some of the challenges limiting the effective delivery of electricity from generation companies to distribution networks and, ultimately, consumers.

The government also reported that more than 2.8 million electricity customers had been metered under the Presidential Metering Initiative, while over 15,000MVA of transmission capacity had been added to the national grid between 2023 and October 2026.

Tegbe stressed that achieving Nigeria’s $1 trillion economic ambition would require a productive and investment-driven economy supported by reliable, affordable and commercially sustainable electricity.

The interventions form part of the Federal Government’s broader efforts to address infrastructure deficiencies, strengthen investor confidence and improve electricity delivery to households, businesses and industries.

However, the success of the initiatives will largely depend on effective implementation, sustained financing and improved coordination across the electricity value chain.