With stable, affordable and reliable power, Nigeria can unlock massive economic opportunities, drive industrialisation, create jobs and position itself as Africa’s economic powerhouse, Chief Executive Officer, Geregu Power Plc, Akin Akinfemiwa, has said.


Akinfemiwa stated this at the Nigerian British Chamber of Commerce (NBCC) March 2025 Members Evening/Induction in Lagos.

According to him, with alignment with a clear roadmap and collective efforts from government, private sector and global partners, Nigeria will achieve sustainable power for the country.

He said Nigeria’s trillion-dollar economy target is dependent on reliable and sufficient power, stating that there are fundamental but not insurmountable challenges facing the power sector.
Akinfemiwa said short-term stabilisation, midterm expansion and long-term sustainability must work together to move the sector forward, stating that a collaborative approach among government, private sector and foreign investors will be essential to achieve the goal.

He called on generating companies (GenCos) and distribution companies (DisCos) to engage partners and invest in decentralised/regional grids while distributing energy through mini-grids and off-grids.

He said GenCos and DisCos should also engage in bilateral agreements to off-take power while investing in increasing gas supply.

He urged them to expand the energy mix into renewables while telling them to invest in billing, metering and collection.


https://guardian.ng/business-services/business/how-reliable-power-supply-can-unlock-nigerias-economic-opportunities/