Adelabu seeks FEC approval for policy to improve power supply
Adelabu, who spoke at the official presentation of the draft in Abuja on Wednesday, said the policy document would be presented to the federal executive council (FEC) in six weeks.
The minister of power affirmed that he has received a draft copy of the National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP) to attract investments and improve power supply.
“This policy document as amended with comment and responses to be received from all stakeholders will be duly presented to the federal executive council within the next six weeks for approval,” Adelabu said.
“I want to mention the fact that the successful implementation of this policy document will be better complemented by continuous enhancement and upgrade of our grid and off-power infrastructure, and the eventual full migration of the market to a full cost-reflective tariff model, we have the consequent positive impact on the power sector,” he added.
“And this will mark a complete transformation of our overall livelihoods as Nigerians by boosting our standard of living, improving our industrialization process, mechanized agriculture, improve maternal healthcare.”