Minister of Power, Joseph Tegbe, has held a strategic closed-door meeting with leadership of select electricity distribution companies over proposed Energy Zones designed to deliver stable 24-hour power supply to homes, businesses and industries in Lagos axis, Abuja-Kaduna-Kano and Enugu-Port Harcourt.
He said the constraint on the sector is not limited to generation and transmission but includes how much power is taken up and delivered at the distribution end.
He explained that the planned Energy Zones are meant to close that gap, unlock commercial and industrial demand, and strengthen DisCo revenue and collections.
He also expressed the Federal Government’s readiness to build up infrastructure in high-demand areas to ensure supply keeps pace with estimated demand in our growing economy.
The engagement reinforces the Minister’s commitment made upon assuming office to ensure a disciplined and sequenced approach to the sector’s challenges.
It also advances the Renewed Hope Agenda of President Bola Ahmed Tinubu, which places reliable energy at the centre of economic growth, industrialisation and job creation.
The leadership of Abuja Electric Distribution Company (AEDC), Ikeja Electric, Eko Power Ltd, Ibadan Electricity Distribution Company (IBEDC) and Sahara Energy Group attended the meeting.