Adebayo Adelabu, minister of power, says he has received a draft copy of the National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP) to attract investments and improve power supply.
Adebayo Adelabu, minister of power, says he has received a draft copy of the National Integrated Electricity Policy and Strategic Implementation Plan to attract investments and improve power supply.policy document would be presented to the federal executive council in six weeks.
“This policy document as amended with comment and responses to be received from all stakeholders will be duly presented to the federal executive council within the next six weeks for approval,” Adelabu said.The minister described the NIEP-SIP as a comprehensive document outlining policy interventions across the entire value chain, from generation to transmission, distribution, and off-grid segments.
“I want to mention the fact that the successful implementation of this policy document will be better complemented by continuous enhancement and upgrade of our grid and off-power infrastructure, and the eventual full migration of the market to a full cost-reflective tariff model, we have the consequent positive impact on the power sector,” he added.
He highlighted the collaborative and rigorous process leading up to the event, driven by the collective commitment to addressing the pressing challenges within the Nigerian Electricity Supply Industry .The minister said the policy was the product of extensive consultations with industry experts, key stakeholders, and development partners.
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