Power sector reforms have attracted $2bn investments – Adelabu

Minister of Power, Mr Adebayo Adelabu, says power sector reforms have attracted over two billion dollars fresh investments into the industry.
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.
The minister said that the sweeping reforms and measurable progress in the sector were achieved under the Renewed Hope Agenda of President Bola Tinubu.
According to him, the transformation is beginning to...