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New Power Minister Vows to Fix Grid Collapse

Joseph Tegbe said the first phase of his plan will stabilise the grid before a metering rollout to cut estimated billing nationwide.

  • On Wednesday, minister-designate Joseph Tegbe pledged to stabilize Nigeria's national electricity grid within 100 days during his Senate screening, addressing a crisis marked by no fewer than 20 collapses since President Bola Tinubu took office in May 2023.
  • Nigeria's grid deteriorated sharply with 12 collapses in 2024 occurring almost monthly, 12 in 2025, and multiple already in 2026, forcing businesses to rely on costly diesel generators as the sector faces an estimated N6 trillion debt preventing GenCos from paying for gas.
  • Tegbe's first 100-day phase targets grid stabilization before rolling out another metering phase to reduce estimated billing, building on last year's unprecedented deployment of 1 million meters across the country.
  • Following his screening, the Senate confirmed Tegbe via voice vote, though Senate President Godswill Akpabio warned him against entrenched interests profiting from grid failures, including engineers who benefit from repairs and a generator-importing cabal.
  • With 3.3 trillion already settled through bonds, President Tinubu assigned Tegbe to ensure stable power for the next five years, though Tegbe warned of difficult decisions ahead and will present detailed milestones to lawmakers within one or two weeks.
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InsideBusiness - Business News in Nigeria broke the news on Wednesday, May 6, 2026.
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