NSX
Forex
NCC
TOP STORIES

Adelabu quits as Minister of Power, lists Achievements, proposes 'Progressive Measures'

The Minister of Power, Adebayo Adelabu, has formally tendered his resignation to focus on his governorship ambition in Oyo State.

Adelabu also proposed the establishment of a coordinating minister for energy to drive integrated reforms across Nigeria’s power, gas, and related sectors.

Bolaji Tunji, Special Adviser to Adelabu on Strategic Communications and Media Relations, said this in a statement in Abuja on Wednesday.

Tunji said the resignation letter dated April 22, was addressed to President Bola Tinubu and submitted to the Secretary to the Government of the Federation, George Akume.

Adelabu said that his resignation will take effect on April 30 to enable him focus on his governorship ambition.

He said that sustaining and consolidating the gains recorded in the power sector required stronger coordination at the highest level, including the appointment of a central authority to harmonise policy direction and execution.

The minister expressed deep appreciation to President Bola Tinubu for the opportunity to serve, describing his tenure as a privilege to contribute to national development.

Adelabu said that his decision aligned with the provisions of the Amended Electoral Act 2026, which precludes serving political office holders from contesting elections.

He further said that his gubernatorial aspiration dated back to 2016 during his tenure as Deputy Governor of the Central Bank of Nigeria.

In his three-page letter, Adelabu outlined key achievements recorded during his tenure, including the implementation of the Electricity Act 2023, which decentralised the electricity market and improved the investment climate.

He said that peak power generation rose to over 6,000 megawatts, driven by the integration of the Zungeru Hydropower Plant and the rehabilitation of thermal power plants.

Adelabu also said that transmission capacity was strengthened through grid upgrades under the Presidential Power Initiative (PPI).

He further cited notable improvements in the distribution segment, including enhanced regulatory oversight, improved revenue collection, and progress in reducing Aggregate Technical, Commercial and Collection (ATC&C) losses.

On the financial front, Adelabu said that tariff reforms and a four trillion Naira debt restructuring programme increased market revenues from one trillion Naira in 2023 to N2.3 trillion in 2025.

He said that it restored investor confidence and placed the sector on a path to sustainability.

Despite these gains, the minister acknowledged persistent challenges, including gas supply constraints, infrastructure vandalism, and the need for full commercialisation of the electricity value chain.

He, therefore, proposed key measures to sustain progress, which include the implementation of cost-reflective tariffs with targeted subsidies, recapitalisation of distribution companies.

”Others are accelerated nationwide metering, sustained transmission investments, and strengthened regulatory enforcement,” he said.

The minister also recommended the creation of a coordinating minister for Energy to provide strategic oversight and ensure synergy across power, gas, water resources, and environmental sectors.

According to him, this approach is critical to improving gas supply for thermal generation, optimising hydroelectric resources, and accelerating renewable energy deployment.

Adelabu was appointed as the Minister of Power on August 16,2023 by President Bola Tinubu.

Credit NAN: Texts excluding Headline

Adelabu quits as Minister of Power, lists Achievements, proposes 'Progressive Measures'
News
23-Apr-2026

Oluyede Momentum builds as Ekiti Electorate seek Real Change

As the political landscape in Ekiti State continues to evolve ahead of the June 20, 2026 governorship election, one development has become increasingly difficult to ignore: the steady and growing momentum behind the candidacy of Dr. Oluwole Oluyede of the Peoples Democratic Party (PDP).

What began as a quiet emergence has now transformed into a widening wave of public interest, political engagement, and grassroots conversation about the future direction of the state.

Across local governments, wards, and communities, the mood among many voters is shifting from passive observation to active expectation. The central question dominating discussions is no longer about party loyalty alone, but about performance, capacity, and the urgent need for real change. In this atmosphere, Oluyede’s candidacy is gaining attention as a symbol of possible renewal.

Ekiti State, often celebrated for its intellectual heritage and strong civic awareness, is once again demonstrating that its electorate is deeply sensitive to governance outcomes. Years of recurring challenges, ranging from youth unemployment to infrastructure gaps and limited economic expansion, have created a strong appetite for a new direction. Many citizens believe the state has not fully maximized its potential, especially in areas such as agriculture, education, and small business development.

It is within this context that Oluyede’s message appears to be resonating. His campaign narrative, centered on practical governance and development-focused leadership, is gaining traction among different segments of the population. From young graduates seeking job opportunities to traders and artisans calling for better economic conditions, the appeal for change is cutting across social and economic lines.

A key factor driving this momentum is perception of readiness. Supporters and observers alike point to Oluyede’s structured approach to governance issues, particularly his emphasis on economic revitalization through agriculture and enterprise development. His position that Ekiti can become a self-sustaining economy if properly managed has sparked conversations around industrialization, value chain development, and rural empowerment.

In many rural communities, where development often feels slow and uneven, these ideas are receiving increasing attention. Farmers and small-scale producers are especially interested in policies that would improve access to markets, provide modern farming support, and encourage agribusiness investments. The belief is growing that Ekiti’s economic future may depend on leaders who can bridge the gap between policy ideas and practical implementation.

Education also remains a major reference point in the current political discourse. Ekiti has long prided itself on academic excellence, but stakeholders have raised concerns about infrastructure decay, funding constraints, and the need to align learning outcomes with modern economic realities. Oluyede’s reform-oriented messaging around education, focused on modernization, teacher support, and technology integration, has become part of his broader appeal to families and educators.

Healthcare delivery, especially at the primary level, is another area frequently mentioned in community discussions. Many residents continue to express concern about accessibility, staffing, and the quality of services in local health centers. The growing expectation is for leadership that prioritizes healthcare as a fundamental right rather than a secondary policy area.

Beyond policy positions, however, political analysts note that Oluyede’s rising momentum is also being shaped by public desire for a more participatory style of governance. Voters increasingly want leaders who are accessible, responsive, and attentive to grassroots concerns. This demand for inclusiveness is influencing how campaigns are being evaluated, with greater emphasis on engagement rather than rhetoric.

The PDP candidate’s increasing visibility across political gatherings, civic engagements, and community interactions has contributed to a perception of accessibility. This is reinforcing the idea among supporters that leadership should not be distant from the people it serves. As the election draws nearer, this factor may become even more significant in shaping voter sentiment.

At the same time, the broader political environment in Ekiti is becoming more competitive and issue-driven. The electorate is more informed, more vocal, and more demanding than in previous election cycles. Social media platforms, town hall engagements, and local discussions are amplifying conversations around governance performance and future expectations.

In this evolving environment, momentum is not just about popularity, it is about perception of credibility, clarity of vision, and the ability to inspire trust. Oluyede’s campaign is increasingly being framed within this dynamic, as more voters begin to assess candidates based on what they represent for the future rather than what they represent in the present political structure.

Still, political observers caution that momentum in an election cycle is fluid. It must be sustained through consistent messaging, policy clarity, and continued engagement with the electorate. As June 20, 2026 approaches, campaigns across all parties are expected to intensify, with greater focus on debates around development priorities and governance strategies.

For now, however, one reality stands out: the conversation in Ekiti is changing. The electorate is asking different questions, demanding clearer answers, and showing greater interest in alternatives that promise tangible progress. Within this shifting political mood, Oluyede’s candidacy has become a focal point of attention.

Whether this momentum translates into electoral success will ultimately be decided at the ballot box. But what is already evident is that Ekiti’s 2026 election is shaping up to be one of the most issue-driven and competitive in recent memory.

And in that unfolding story, Oluyede’s momentum is no longer just a campaign narrative, it is becoming a reflection of a wider desire for real change across Ekiti State.

Credit Oluwole Oluyede Campaign

Oluyede Momentum builds as Ekiti Electorate seek Real Change
Politics
22-Apr-2026

Adelabu 'to leave in the coming days' as Power Minister amidst unending Nationwide Darkness

Tunji Bolaji, Special Adviser on Strategic Communications and Media Relations to the  Minister of Power, says the minister will be resigning his position as minister of power in the coming days.

He said the minister, Adebayo Adelabu, had secured President Bola Tinubu consent for his governorship aspiration.

Bolaji who made this known in a statement in Abuja on Wednesday, said that the timing of the minister’s anticipated resignation reflected his commitment to addressing key sectoral challenges and ensuring continuity in ongoing reforms prior to exiting office.

According to him, Adelabu, on Tuesday met with President Bola Tinubu at the Presidential Villa, where he presented a comprehensive report on his stewardship of the power sector over the past two and a half years.

”President Tinubu commended the minister for his dedication and the progress recorded, particularly in laying a strong policy foundation for the transformation of the power sector.

”The president also granted his consent and blessing for the minister to pursue his governorship ambition.

”In view of this development, Adelabu is expected to resign his position as minister of power in the coming days.”

Bolaji also said that during the meeting, the minister outlined key milestones recorded under his leadership.

He said these include efforts to stabilise electricity generation, strengthen transmission capacity, and implement reforms aimed at enhancing efficiency and service delivery across the power sector value chain.

He also said that a central highlight of the engagement was the presentation of the National Integrated Electricity Policy (NIEP) and its accompanying Strategic Implementation Plan (SIP).

”The Medium-Long Term Integrated Resource Plan for the Power Sector to guide Succession and Sustainability was also presented.

”The NIEP is a comprehensive policy framework designed to guide the sustainable development of Nigeria’s electricity sector.

”It provides a long-term roadmap for achieving energy security, expanding electricity access, integrating renewable energy, and building a more resilient and efficient power sector.

”The Strategic Implementation Plan (SIP) serves as the operational blueprint for the NIEP, detailing specific actions, timelines, and institutional responsibilities required to translate policy objectives into measurable outcomes,” he explained.

Bolaji further explained that the SIP prioritised critical interventions across generation, transmission, and distribution, while also addressing regulatory reforms, investment mobilisation, human capacity and local content development within the sector.

”Notably, this includes efforts to stabilise the sector following recent declines in power generation due to gas supply constraints to power plants, ongoing pipeline repairs, and outstanding obligations to gas suppliers,” he added.

He said the minister also expressed profound appreciation to the president for his steadfast support and reaffirmed his commitment to the advancement of Nigeria’s power sector and overall national development.

Credit NAN: Texts excluding Headline

Adelabu 'to leave in the coming days' as Power Minister amidst unending Nationwide Darkness
News
22-Apr-2026

News