Nigeria Needs $10 Billion Annually for 20 Years to Achieve Stable Electricity – Minister Adelabu

Nigeria Needs $10 Billion Annually for 20 Years to Achieve Stable Electricity – Minister Adelabu

Nigeria’s Minister of Power, Adebayo Adelabu, has revealed that the country requires at least $10 billion each year over the next 20 years to secure a stable and reliable electricity supply.

He made this statement on Tuesday while commissioning a 2.5MW solar hybrid power plant at the Nigerian Defence Academy (NDA) in Kaduna. Adelabu pointed to decades of poor maintenance, underinvestment, and deteriorating transmission infrastructure as the main causes of the ongoing power challenges in Nigeria.

“To achieve stable electricity in Nigeria, we need no less than $10 billion every year for the next 10 to 20 years,” Adelabu said, emphasizing that past failures must be addressed for current investments to yield positive results.