FG APPROVES NATIONAL INTERGRATED ELECTRICITY POLICY TO TRANSFORM POWER SECTOR

The Federal Government has approved the National Integrated Electricity Policy (NIEP) to transform Nigeria's electricity sector and provide a comprehensive framework for sustainable power generation, transmission, and distribution, aligning with national development goals and international best practices.

The Minister of Power, Adebayo Adelabu, in a statement by his media aide, Bolaji Tunji, explained that the policy, which prioritizes renewable energy integration, energy efficiency, and improved governance, addresses long-standing issues like infrastructure deficits, inadequate capital investment, and regulatory bottlenecks, replacing the outdated 2001 policy.

Adelabu stated that the NIEP is a collaborative effort with stakeholders from public and private sectors, civil society, academia, and industry leaders.

According to him, the policy is structured across eight chapters, covering aspects like market design, climate change, gender equality, and local content development, to promote innovation, collaboration, and consumer protection, supporting Nigeria's socio-economic development.

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