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Published April 23, 2026businesscementeconomy

Adelabu proposes coordinating energy minister’s office on exit

Outgoing Power Minister Adebayo Adelabu resigns, proposing a coordinating energy minister to drive integrated reforms in Nigeria's power sector.

Source-backed market reading focused on the local industrial developments, project signals, and operating consequences that are actually worth tracking.

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FILE COPY: The former Minister of Power, Adebayo Adelabu. Credit: Ministry of Power The outgoing Minister of Power, Mr Adebayo Adelabu, has proposed the creation of a Coordinating Minister for Energy’s office to drive integrated reforms across Nigeria’s power, gas and related sectors as he formally tendered his resignation.

The development was disclosed in a press statement signed by the Special Adviser to Adelabu on Strategic Communications and Media Relations, Bolaji Tunji, on Wednesday. In a resignation letter dated 22 April 2026 and addressed to President Bola Tinubu, Adelabu stated that his resignation will take effect on 30 April 2026, to enable him to focus on his governorship ambition in Oyo State.

He, however, emphasised that sustaining and consolidating the gains recorded in the power sector requires stronger coordination at the highest level, including the appointment of a central authority to harmonise policy direction and execution. Confirming the development, Tunji said the minister expressed deep appreciation to the president for the opportunity to serve, describing his tenure as a privilege to contribute to national development.

Adelabu noted that his decision aligns with the provisions of the Amended Electoral Act 2026, which precludes serving political officeholders from contesting elections. He further disclosed that his gubernatorial aspiration dates back to 2016 during his tenure as deputy governor of the Central Bank of Nigeria.

Related News Atiku faults ballot clause, seeks Electoral Act review Tai Solarin varsity gets new VC Tinubu receives Jonathan at Aso Rock Villa In his three-page letter, the minister outlined key achievements recorded during his tenure, including the implementation of the Electricity Act 2023, which decentralised the electricity market and improved the investment climate.

He highlighted that peak power generation rose to over 6,000 megawatts, driven by the integration of the Zungeru Hydropower Plant and the rehabilitation of thermal power plants, while transmission capacity was strengthened through grid upgrades under the Presidential Power Initiative.

He further cited notable improvements in the distribution segment, including enhanced regulatory oversight, improved revenue collection, and progress in reducing aggregate technical, commercial and collection losses. Efforts to close the metering gap, he added, gained momentum through the Presidential Metering Initiative and the World Bank-supported Distribution Sector Recovery Programme.

On the financial front, Adelabu stated that tariff reforms and a N4tn debt restructuring programme increased market revenues from N1tn in 2023 to N2.3tn in 2025, restoring investor confidence and placing the sector on a path to sustainability. Despite these gains, the minister acknowledged persistent challenges, including gas supply constraints, infrastructure vandalism, and the need for full commercialisation of the electricity value chain.

He therefore proposed key measures to sustain progress, including the implementation of cost-reflective tariffs with targeted subsidies, recapitalisation of distribution companies, accelerated nationwide metering, sustained transmission investments, and strengthened regulatory enforcement.

Central to his recommendations is the creation of a coordinating minister for energy to provide strategic oversight and ensure synergy across power, gas, water resources and environmental sectors. According to him, this approach is critical to improving gas supply for thermal generation, optimising hydroelectric resources, and accelerating renewable energy deployment.

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Adelabu proposes coordinating energy minister’s office on exit

Source: Punch Nigeria Business RSS

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Adelabu proposes coordinating energy minister’s office on exit

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Document: Punch Nigeria Business RSS · Source: Punch Nigeria Business RSS

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