NDPHC urges gradual removal of electricity subsidies for sector stability
Jennifer Adighije, Managing Director and CEO of the Niger Delta Power Holding Company, has called on the Federal Government to gradually remove electricity subsidies and implement fully cost-reflective tariffs. She highlighted ongoing financial and structural challenges in Nigeria’s power sector, including liquidity constraints and gas supply shortages. Adighije emphasized the need for a financially viable electricity market to attract investment and ensure sustainable growth. The company is also focusing on renewable energy and improving operational efficiency.
TLDR
- Jennifer Adighije advocated for the decoupling of government subsidies from electricity tariffs and a gradual move to cost-reflective tariffs.
- Only about 30 per cent of electricity market invoices are currently settled, causing financial strain across the sector.
- NDPHC has constructed ten power plants, with eight commissioned and six in commercial operation, representing nearly 30 per cent of Nigeria’s grid-connected capacity.
- The company recently recovered critical power equipment from Nigerian ports to support ongoing projects.
- NDPHC is diversifying into renewable energy and direct electricity supply to industrial clusters, aiming to boost power reliability and support economic growth.
