Nigeria: Nigeria’s power sector reforms attract $2bn investments – Adelabu — Africa Links 24

The Minister of Power, Adebayo Adelabu, says power sector reforms have attracted over two billion dollars fresh investments into the industry.

Mr Adelabu said this in Abuja on Thursday during the commissioning of the new headquarters of the Nigeria Electricity Liability Management Company, NELMCO.

He said that the sector’s revenue grew by 70 per cent in 2024, while government liabilities were reduced by about N700 billion, reflecting improved efficiency and cost recovery mechanisms.