The Federal Government has set a target of achieving 8,000 megawatts of electricity generation and transmission by the end of 2027 as part of its ongoing efforts to improve power supply across Nigeria.
The Minister of Power, Joseph Tegbe, announced the target on Wednesday in Abuja during the launch of the Renewable Energy Assets Management Company, an initiative of the Rural Electrification Agency.
Tegbe said the government expects to increase the amount of electricity it can wheel from the current level of about 5,000MW to 6,500MW before the end of 2026. He added that the target would rise to 8,000MW in 2027.
He expressed confidence that the reforms underway in the sector would eventually enable Nigerians to enjoy uninterrupted electricity supply.
According to the minister, Nigeria has for years faced the contradiction of having significant energy resources and power infrastructure while struggling to provide dependable electricity to households and businesses.
He said the government was therefore moving beyond simply increasing generation capacity to building a more reliable and sustainable electricity system.
Tegbe said the newly established RAMCO would play a key role in ensuring that renewable energy infrastructure remains operational and productive. He explained that the management model could eventually be expanded to cover assets across the wider electricity grid.
The minister also outlined plans for a more flexible power system that would combine conventional grid electricity with embedded generation, renewable energy, storage systems and other technologies tailored to the needs of different communities and economic clusters.
Areas without access to transmission infrastructure, he said, would increasingly be served through mini-grids, with renewable energy expected to become a larger component of Nigeria’s electricity mix.
Tegbe added that the administration’s power-sector ambition was linked directly to economic development. He said a dependable electricity supply would strengthen manufacturing and support emerging industries, particularly data centres and artificial intelligence businesses whose operations require substantial amounts of energy.
He noted that the performance of the new asset management system would not be judged solely by the amount of electricity delivered but also by the consistency and long-term sustainability of the supply.
Earlier, the Managing Director of the Rural Electrification Agency, Abba Aliyu, thanked President Bola Tinubu for supporting efforts to expand electricity access to universities and teaching hospitals.
Aliyu said RAMCO was established to ensure that renewable energy projects and other power assets deployed through government initiatives remain functional and sustainable over the long term.
