President says 1,500MW boost and ongoing reforms will stabilize electricity supply and drive economic growth….
Amid growing frustration over persistent blackouts across the country, President Bola Tinubu has assured Nigerians that relief is on the way, promising noticeable improvements in electricity supply in the coming days.
Speaking on Friday at the National Convention of the All Progressives Congress (APC) in Abuja, the president acknowledged the hardship caused by recent power disruptions, attributing the situation to a drop in electricity generation. He, however, maintained that his administration is actively working to reverse the trend.
“I know many Nigerians are deeply concerned about the current electricity situation, and we are not taking it lightly,” Tinubu said. “We are focused on delivering real solutions, and you will begin to see progress.”
As part of efforts to stabilize the sector, the president revealed plans to inject an additional 1,500 megawatts into the national grid through a new initiative involving a Grid Asset Management Company. According to him, the move is designed to strengthen transmission infrastructure and improve overall power distribution.
Tinubu expressed confidence that ongoing interventions in the energy sector would not only ease outages but also support industrial expansion and economic productivity. He stressed that the government’s policies are already yielding measurable outcomes, pushing the country toward greater stability.
“The results of our efforts are not just promises, they are visible and impactful,” he said. “We are transitioning from a phase of survival to one of sustainable growth.”
Since assuming office in 2023, Tinubu has introduced sweeping economic reforms, including the removal of fuel subsidies and the unification of Nigeria’s exchange rate system. While these measures have drawn criticism for increasing the cost of living, the president insists they are necessary steps toward long-term economic recovery.
He also pointed to renewed investor interest in Nigeria’s oil and gas sector, attributing it to policy changes under his administration. Highlighting recent financial developments, Tinubu noted that Nigeria’s Eurobond offering was oversubscribed by 400 percent, signaling improved confidence from the international investment community.
In addition, he stated that Nigeria has exited the global financial “grey list,” a development he described as a sign of restored credibility in the global financial system.
Despite mounting pressure from opposition voices who argue that the reforms have deepened economic hardship, Tinubu acknowledged that the path to recovery is not without challenges.
“The journey we have chosen is not an easy one,” he admitted. “But we are confident that we are heading in the right direction, and the sacrifices being made today will lead to a stronger and more resilient Nigeria.”
With electricity supply remaining a critical issue for households and businesses alike, many Nigerians will be watching closely to see whether the government’s latest assurances translate into real, lasting change.
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