• About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Saturday, June 13, 2026
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
No Result
View All Result
No Result
View All Result
Home Business & Economy

FG Aims to Generate 8,000 Megawatts of Power Before 2027

April 17, 2025
in Business & Economy
Reading Time: 2 mins read
0
power
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

The federal government has announced plans to achieve an electricity generation capacity of 8,000 megawatts by the end of President Bola Tinubu’s first term in 2027. Adebayo Adelabu, Minister of Power, disclosed the target at the sixth edition of the 2025 Ministerial Press Briefing Series in Abuja

In the minister’s words, Now that we have created the trajectory, if we sustain this trajectory, I can assure you that before the end of this administration in 2027, we should be able to generate and distribute nothing less than 8,000 megawatts of power, Adelabu said.


He stated that if past administrations had created a road map for the power sector, the country would have been generating up to 30,000 megawatts of electricity.

“What I mean to say is that past administrations had their own positives. But if they had been adding at least 1,000 megawatts of power since 1999, we’d be talking about 26,000 megawatts plus 2,000 plus 4,000.” That would be about 30,000 megawatts of power in Nigeria today. But we cannot keep dwelling on the past. It’s the way forward.”


The minister specifically said the federal government’s efforts are yielding progress, with many Nigerians now having access to adequate power. “150 million people have access to adequate electricity in Nigeria,” he said.

The minister said the progress was dependent on Nigeria’s participation in the “Mission 300” initiative of the World Bank and the African Development Bank (AfDB), targeted at providing electricity access to 300 million Africans by 2030. “I’m happy to tell you that out of the 300 million Africans that the World Bank and AfDB aim to reach, Nigeria is on course to account for no less than 25 percent, which translates to about 75 million Nigerians. When we presented our compact, they agreed with us.

“When you’re extending access to the 300 million people under this initiative, let’s not concentrate solely on renewable energy, which is more appropriate for rural communities,” Adelabu said.

“Strengthening grid infrastructure is equally crucial so that those connected to the grid can enjoy reliable power. Otherwise, how do we explain the growing number of Nigerian companies opting out of the national grid to generate captive power

ALSO READ TOP STORIES FROM VERILY NEWS

Tags: NigeriaPower
Share199Tweet124Share35
Previous Post

Court Frees Viral Teenager Who Stood in Front of Peter Obi’s Convoy

Next Post

150 Million Nigerians Now Have Electricity Access, 80 Million Still Left Behind – Adelabu

Related Posts

CBN

FG, CBN Eye eNaira for Public Sector Payments

by Victoria Ogbadu
June 13, 2026
0

The federal government may soon begin disbursing salaries, pensions, and social welfare benefits through the eNaira, Nigeria's central bank digital...

SpaceX

SpaceX Debuts on Nasdaq as Largest IPO Ever

by Victoria Ogbadu
June 12, 2026
0

SpaceX began trading as a public company on the Nasdaq on Friday, completing what stands as the largest initial public...

naira

Naira vs Dollar Exchange Rate—12th June 2026

by Victoria Ogbadu
June 12, 2026
0

The naira maintained a relatively calm posture against the US dollar on Friday, as trading across Nigeria's official and unofficial...

Oil

Global Oil Prices—12th June 2026

by Victoria Ogbadu
June 12, 2026
0

Oil markets tumbled for a second consecutive session on Friday as traders rushed to price out geopolitical risk premium following...

OPEC

OPEC Records Lowest Output in Over Two Decades

by Victoria Ogbadu
June 11, 2026
0

OPEC's May output has plunged to its lowest level since 2000, as the escalating confrontation with Iran rapidly reshapes the...

Load More
Next Post
150 Million Nigerians Now Have Electricity Access, 80 Million Still Left Behind – Adelabu

150 Million Nigerians Now Have Electricity Access, 80 Million Still Left Behind – Adelabu

US Visa Overstays Could Lead to Permanent Entry Ban, Officials Warn

Over 130 US Students Sue Trump Over Alleged Unlawful Visa Cancellations

nnpc

NNPC Inaugurate Agricultural Training Initiative

nigeria

Nigeria Secures Mining Deal With South Africa

Photo of President Tinubu

Tinubu Actively Governing from Europe, Set to Return After Easter – Presidency

Nigerian House of Reps

Reps Begin Probe Into Use of Take-Off Grants, Bailout Funds Since 2015

Photo of Senator Natasha

Gunmen Attack Sen Natasha’s Family Residence in Kogi – Police Confirm

US Supreme Court to Hear Challenge to Trump’s Bid to End Birthright Citizenship

US Supreme Court to Hear Challenge to Trump’s Bid to End Birthright Citizenship

Google Blocks 5.1 Billion Ads in 2024 Amid Rising Digital Threats

Judge Rules Google Illegally Maintained Monopoly in Online Ad Tech Market

Solanke’s Penalty Sends Spurs Into Europa League Semi-Finals

Solanke’s Penalty Sends Spurs Into Europa League Semi-Finals

  • Trending
  • Comments
  • Latest
cbn governor olayemi cardoso

CBN Approves Merger Between Two Banks

February 23, 2026
2027: APC Governors Endorse Next Senate President After Akpabio

APC Governorship Candidate Joins ADC

March 16, 2026
NNPC Increases Petrol Price

NNPC Reduces Fuel Price

March 17, 2026
Kenya Airways

Viral video: Drama at Airport as Nigerian Woman Clashes with Kenya Airways Over Visa Issue

0
NLC

NLC Suspends Nationwide Protest Over Telecom Tariff Hike

0
VeryDarkMan

VeryDarkMan Vows to Uncover Truth in Mercy Chinwo and Ex-Manager’s Controversy

0
State government restricts travel, fuel sales

State government restricts travel, fuel sales

June 13, 2026
Kastina

Katsina Govt Confirms Abducted Retired General Dies in Captivity

June 13, 2026
Actor

Popular Nollywood Actor Confirmed Dead

June 13, 2026
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Get Breaking News Alerts on WhatsApp