- The National Economic Council launched a committee to address Nigeria’s power grid collapses, emphasizing the need for effective electrification strategies
- Vice President Shettima highlighted the importance of energy access, calling electricity “the oxygen of economic growth” during the NEC meeting
The National Economic Council (NEC) has launched a committee to tackle the frequent collapses of Nigeria’s power grid. This decision follows the Council’s commitment to more effectively implementing the National Electrification Strategy.
At its 146th meeting, chaired by Vice President Kashim Shettima at the Presidential Villa in Abuja, the NEC resolved to deepen reforms in the power sector.
Vice President Shettima emphasized that energy access is a fundamental right, describing electricity as “the oxygen of economic growth.”
The newly formed National Electrification Committee, led by Cross River State Governor Bassey Otu, will work to enhance state-level engagement within the framework of the Electricity Reform Act 2023 and the National Electrification Strategy.
Governors Dikko Radda (Katsina), Inuwa Yahaya (Gombe), Ademola Adeleke (Osun), Hope Uzodimma (Imo), and Caleb Mutfwang (Plateau) are other members of the committee.
Federal representatives include Ministers of Finance (Wale Edun), Budget and Economic Planning (Atiku Bagudu), and Power (Adebayo Adelabu), as well as key advisers and executives from energy agencies such as the Rural Electrification Agency (REA) and the Niger Delta Power Holding Company.
During the meeting, the Managing Director of REA presented a report underscoring the need for a diversified electricity system. NEC noted that empowering states to implement localized solutions would improve energy access and affordability while addressing region-specific needs.
Vice President Shettima called for swift action, stating:
The past months of power grid collapses compel us to accelerate the adoption of the National Electrification Strategy. Expanding access, empowering rural communities, and boosting productivity, especially for MSMEs, must be priorities.
He further emphasized the role of renewable energy, advocating for private-sector-led distributed generation to expand electricity access for households and businesses.
Shettima also highlighted the potential of Nigeria’s creative industry, urging the Council to invest in this sector. He noted that new technologies have amplified the global appeal of Nigeria’s arts and culture, creating new revenue streams and job opportunities.
“Our music, films, and art are not just global symbols of soft power but also critical drivers of economic growth. Creativity can generate wealth, empower youth, and position Nigeria as a hub of cultural innovation,” Shettima added.
The Vice President reiterated that addressing energy challenges, improving infrastructure, and fostering innovation are essential to transforming Nigeria’s economic future.
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