23Kola Adesina, Group Managing Director (GMD) of Sahara Power Group, asserts that Nigeria’s electricity sector is undergoing a revitalization, poised for advancement and stability. This resurgence is fueled by strategic policy adjustments, increased financial fluidity, and amplified cooperation amongst crucial industry participants.
Adesina shared these insights during a recent discussion regarding the current state and future prospects of the electricity industry.
He emphasized that the sector is beginning to reap the rewards of reform-driven investments, technological integration, and synchronized efforts throughout the energy value chain.
Adesina voiced his optimism that Nigeria is poised to overcome enduring obstacles and emerge as a pivotal power center within the African continent.
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The GMD highlighted that collaboration between the federal government, the Ministry of Power, regulatory bodies, power operators, the Central Bank of Nigeria (CBN), commercial banks, and various international development partners has reached unprecedented levels.
He anticipates that this growing alignment of interests will persist throughout 2026, fostering enhanced efficiency, sustainability, and improved electricity provision for consumers.
“We are currently observing unprecedented levels of synergy between the Federal Government, the Ministry of Power, regulatory agencies, power sector entities, the CBN, banks, multilateral financial institutions, development agencies, and other stakeholders,” he stated.
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“We are confident that this trend will continue throughout 2026, driving sector-wide growth that will translate into greater efficiency, sustainability, and increased power availability for Nigerians.”
