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Tinubu says the national grid serves 15% of Nigeria’s power demand 

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Bola Tinubu

President Bola Ahmed Tinubu has said that the national grid only serves 15% of Nigeria’s power demand.

He said this at the Nigerian Electricity Supply Industry (NESI) Roundtable in Abuja on Monday, October 30.  

According to the President who was represented by the Special Adviser, Energy and Infrastructure, Office of the Vice President, Sodiq Wanka, Nigeria’s power sector privatization has failed to meet its objectives. He said: 

President Tinubu also highlighted the fact that there needs to be a distribution companies’ recapitalization.

According to him, electricity tariffs are not cost-reflective, however, he assured that a reconciliation exercise is already ongoing to get rid of debts activate investments and resolve financial capacity challenges.  

He said: 

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