President Bola Ahmed Tinubu has assured Nigerians of imminent improvements in electricity supply following weeks of recurring power outages across the country.
Speaking at the National Convention of the All Progressives Congress (APC) in Abuja on Friday, the president acknowledged the challenges in the power sector, attributing recent disruptions to reduced generation, but expressed optimism that the situation would soon improve.
“I assure you, many of you lamenting the problem of electricity and power; we are paying attention to that.
“Electricity will become better, and we assure you there will be opportunities and progress in our industrialization,” he said.
He disclosed that through the Grid Asset Management Company, the government plans to inject approximately 1,500 megawatts into a new grid corridor to boost supply.
The president added that the administration’s policies are already yielding measurable results, insisting that Nigeria is transitioning from “survival mode to stability,” despite criticism from opposition groups.
Since assuming office in 2023, Tinubu has introduced major economic reforms, including the unification of the foreign exchange window and the removal of fuel subsidies, measures that have drawn backlash over their impact on the cost of living.
While admitting that “the road to reform would be tough,” the president maintained that the country is making progress.
“Since assuming office, our government has remained focused on delivering on our mandate despite a complex global economic and political environment.
“Today, I can assure you that we are on the right track. Investor confidence has greatly improved,” he said.
Tinubu further noted that reforms in the oil and gas sector have renewed foreign investor interest, adding that Nigeria’s recent Eurobond issuance was oversubscribed by 400 per cent and that the country has exited the financial grey list, signalling a return to global financial credibility.
(The Nation)
