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Nigeria Targets 20-Hour Daily Power Supply by 2027 with Investment Reforms

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Nigeria’s ambitious target of providing at least 20 hours of electricity daily by 2027 hinges on a significant boost in investments, especially in the oil and gas sectors.

Olu Verheijen, Special Adviser on Energy to President Bola Tinubu, recently underscored this at the Africa Energy Week in Cape Town, South Africa.

In a statement released by Abiodun Oladunjoye, the State House Director of Information and Publicity, Verheijen detailed the federal government’s plans to revitalize Nigeria’s power sector and improve electricity access for Nigerians.

Currently, Nigeria’s power grid is plagued by challenges, with its most recent collapse marking the 10th outage since the start of 2024.

The government has attributed these frequent failures to outdated infrastructure, a lack of regular maintenance, and chronic underinvestment.

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Despite Nigeria’s impressive installed capacity of about 12,500 megawatts, only a fraction of this power is regularly generated, leaving vast areas of the country without stable electricity.

Verheijen noted that Nigeria is pushing to provide consistent power to urban and industrial areas as a cornerstone of economic development.

The government has a range of initiatives aimed at addressing these challenges.

For example, revenue collection reforms are underway to increase accountability, along with the deployment of seven million smart meters to minimize energy losses.

Additionally, there are plans to expand off-grid solutions to ensure remote communities have access to electricity, which will help bridge the gap in underserved regions.

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Verheijen emphasized that recent macroeconomic reforms, including the removal of the petrol subsidy and foreign exchange liberalization, signal Nigeria’s readiness for a new era of growth.

She urged foreign investors to see these changes as an open invitation to partner with Nigeria, mentioning that the Tinubu administration is actively pursuing policies to attract investment.

As part of the broader Presidential Gas for Growth Initiative, the government is focusing on midstream and downstream investments, including in compressed natural gas (CNG), liquefied petroleum gas (LPG), and electric vehicles.

The administration aims to reduce dependency on petrol and diesel, particularly in transport, decentralized power generation, and cooking, while fostering demand for cleaner alternatives like electric vehicles.

While discussing Nigeria’s oil and gas potential, Verheijen compared the country’s performance to that of Brazil, which has managed to produce 131 percent more oil than Nigeria, despite having only 30 percent of its oil reserves.

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This gap, she argued, is largely due to underinvestment.

She lamented the fact that since 2016, Nigeria has attracted only 4 percent of Africa’s oil and gas investments, whereas other, less resource-rich African nations have managed to capture a larger share of investor interest.

To reverse this trend, the Tinubu administration is implementing reforms aimed at making Nigeria’s oil and gas sector more competitive.

For the first time since the beginning of deepwater exploration in 1991, Nigeria is introducing a specific fiscal framework for deepwater gas projects, as well as incentives to stimulate investment in non-associated gas production.

Verheijen noted that these new policies are designed to increase investor confidence and unlock Nigeria’s potential, enabling international oil companies to bring more capital to Nigeria’s shores.

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Fubara Says He Will Defend Democracy and Urges Rivers People to Stay United

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Suspended Rivers State Governor, Siminalayi Fubara, has restated his firm commitment to the rule of law, human rights, and inclusive governance for everyone, no matter their political background. In a message shared on Democracy Day, Fubara said his government remains focused on protecting lives and property while promoting fairness, transparency, and accountability in leadership.

He promised to keep standing for the people of Rivers State and to lead with honesty and openness. Reflecting on 26 years of uninterrupted democracy in Nigeria, the governor called for unity and cooperation across party lines to build a society where every voice counts and every person can contribute meaningfully.

Speaking on the political unrest in Rivers, including his suspension and that of other elected officials, Fubara said these events highlight how fragile democracy can be and why it must be protected at all costs. In a statement released by his Chief Press Secretary, Nelson Chukwudi, Fubara acknowledged both the wins and the setbacks in the state’s democratic journey, noting that staying committed to democratic values is more important than ever.

He pointed to his administration’s continued efforts to promote fairness, civil rights, and strong institutions, saying inclusion and openness remain at the heart of everything they do. Despite recent challenges, the governor expressed strong belief in the resilience of Rivers people, urging everyone to stay united and focused. He said the future of the state depends on working together, embracing new ideas, and holding onto shared goals.

Fubara also honoured past leaders who helped shape the country’s democracy, urging citizens to keep their legacy alive by defending the values they stood for. He ended by encouraging the people of Rivers State to stay patriotic, committed, and hopeful, confident that together, the state will come out stronger and more united.

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Nigerians Protest in Lagos on Democracy Day Due of Hardship

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During the 2025 Democracy Day celebration, many Nigerians took to the streets of Lagos to express their frustration over the economic struggles under President Bola Tinubu’s government. The protest, which began at the Ikeja Underbridge, saw citizens calling for a reversal of several government policies they believe are worsening their situation.

Despite a strong security presence, the demonstrators held up signs with messages like “Reverse Electricity Tariff Hike” and “No one deserves a death sentence for protesting against hunger.”

Lagos State Police PRO, Benjamin Hundeyin, acknowledged the protest and assured the public that everything is under control. He said there’s enough security in place for both those celebrating and those protesting, adding that the safety of everyone remains a top priority.


 

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No Parade This Year as Tinubu Plans Morning Speech for Democracy Day

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The Federal Government has officially called off the traditional military parade for the 26th Democracy Day celebration, which is set for Thursday, June 12, 2025. In a statement shared by Abdulhakeem Adeoye on behalf of the committee’s Director of Information and Public Relations, it was confirmed that President Bola Tinubu will instead deliver a national broadcast by 7 a.m. on the same day.

Later at noon, the President will join a special joint session of the National Assembly, where lawmakers will discuss national issues, reflect on the country’s democratic path, and speak on the need for unity and meaningful reforms. A public lecture will also take place by 4 p.m. at the State House Conference Centre in Abuja. The event is expected to draw key government figures, political leaders, and members of civil society, all gathering to assess the nation’s progress in democracy.

The theme for this year’s commemoration is “Consolidating on the Gains of Nigeria’s Democracy: Necessity of Enduring Reforms,” focusing on how far Nigeria has come and the steps needed to keep improving.


 

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