02/09/2026
At the 50th Middle East Energy 2026 Leadership Summit in Dubai, Minister of Power, Joseph Tegbe, highlighted how the Electricity Act 2023 ended Nigeria’s federal monopoly and opened the door to 37 emerging electricity markets across the country
He stressed that energy security is no longer just about oil and gas. It is about reliable grids, investment, critical minerals, strong institutions and regulatory certainty, but just as importantly, it is about affordability. Energy poverty, he noted, constrains productivity, public confidence and national resilience, making the price of power a security issue in its own right.
That is why Nigeria’s reform agenda ensures that as the sector opens to investment, power is not priced out of reach of the people who need it most.
The Minister set out diversification, not disengagement, as the surest form of strategic insurance, and called for the nation’s grid to be treated with the same seriousness historically reserved for fuel supply.
“Nigeria has chosen to build. Africa has chosen to build,” the Minister told delegates, inviting global partners to build with the country, under the leadership of President Bola Ahmed Tinubu, GCFR.