Abuja, May 5, 2025 – The Federal Executive Council (FEC) has ratified the National Integrated Electricity Policy to boost power generation and supply across the country.
FEC approved the policy, which was first submitted in December 2024, at its meeting on Monday.
The policy is intended to attract $122.2 billion in investments to the power sector to boost electricity through some sweeping reforms.
The policy outlines a sweeping reform agenda for the electricity sector, aligning with national development goals and global best practices, as required by Section 3(3) of the revised Electricity Act 2023.
Bolaji Tunji, the Special Adviser to the Minister of Power on Strategic Communications and Media Relations, announced this in a statement.
He quoted the minister as saying the implementation of the new electricity policy was already underway and its impact would soon be felt across the power sector.
“The road map policy addresses critical challenges in Nigeria’s electricity sector through a comprehensive framework for sector transformation with clear guidelines for sustainable power generation, transmission, distribution, as well as integration of renewable energy sources, its promotion, energy efficiency and enhancement of sector governance.
“This National Integrated Electricity Policy and Strategic Implementation Plan is a comprehensive roadmap developed to guide all stakeholders – the Federal and State Governments, market participants, investors, and indeed all Nigerians, through this transition,” the minister said.
