President Bola Ahmed Tinubu has pledged to accelerate Nigeria’s electricity reforms, reaffirming commitment to the Presidential Power Initiative with Siemens. His administration aims to upgrade key infrastructure, expand grid capacity, and achieve 30,000MW by 2030 while pushing for universal electricity access. The reforms are tied to the Electricity Act 2023, which empowers states to run their own electricity markets.
Tinubu emphasized that reliable power is essential for economic growth, investor confidence, and reducing reliance on generators. However, key challenges remain: implementation delays, funding gaps, coordination across government levels, and ensuring power actually reaches consumers.
Overall, the pledge signals strong intent, but success will depend on effective execution and sustained investment.
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