The Minister of Power, Chief Adebayo Adelabu, has announced that the federal government’s strategic interventions in the power sector are already yielding significant results, culminating in a landmark synchronization of the Nigerian grid with the wider West African network and attracting over $2 billion in fresh investments.

He disclosed this on Thursday while delivering the keynote address at the PwC’s Annual Power and Utilities Roundtable 2025 in Lagos, themed: “Nigeria’s Multi-Tier Electricity Market: Imperatives for Successful Evolution.”

Chief Adelabu, an alumnus of the consulting firm, framed the reforms as a fundamental shift from a monolithic national market to a “dynamic, multi-tier federation of markets,” driven by the Electricity Act 2023.

“Under the Renewed Hope Agenda of President Bola Ahmed Tinubu, the Nigerian power sector has entered a new phase defined by decentralization, liberalization, and a shift from a single national market to a multi-tier, multi-actor electricity ecosystem,” the Minister stated.

He outlined the profound strategic value of this decentralization, noting that it “enhances efficiency and competition, enable state-specific solutions, attract greater investment, and improve reliability.”

 He pointed to states like Enugu and Lagos as early beneficiaries where subnational energy strategies are “unlocking new opportunities and shaping local development pathways.”

However, the core of his address was a detailed presentation of the tangible outcomes achieved from the government’s interventions.

“These interventions are already showing results. Under President Tinubu’s leadership, the sector has recorded major milestones,” Chief Adelabu declared, before listing a series of achievements.