By Chukwuma Umeorah
Nigeria’s power sector has long grappled with regulatory bottlenecks and investment constraints, raising concerns over the slow pace of reforms needed to ensure a reliable electricity supply. Given this, stakeholders including industry leaders, policymakers, and investors are set to lead discussions on addressing these challenges at the inaugural Future of Power (FOP) Africa Conference 1.0
Speaking ahead of the event scheduled for April 2, 2025 in Lagos, the Convener, Jude Nwoko, emphasized the urgency of tackling regulatory inefficiencies that continue to hinder investment and operational efficiency in the power sector. “The FOP Africa Conference represents more than a discussion; it is a movement to revitalize the power sector by tackling challenges, identifying opportunities, and encouraging collaboration throughout the energy value chain. Our aim is to provide a clear snapshot that inspires investment and ingenuity, from generation to distribution and entrepreneurial ventures. By uniting top industry players, we aim to foster meaningful engagement that leads to tangible, lasting change,” he stated.
The conference will feature key stakeholders from Eko Electric Distribution PLC, Access Bank, Sahara Group, Savannah Energy, and the Niger Delta Power Holding Company (NDPHC), among others. Additionally, the Special Adviser on Power to the Ogun State Governor is expected to participate in discussions focused on policy reforms, financing structures, and innovative business models that can drive sustainable energy solutions.
Project Coordinator, Seun Eyitayo, underscored the long-term vision of the initiative, emphasizing that mechanisms would be put in place to track progress and ensure continued stakeholder engagement. “Our ambition extends beyond the event itself; we aim for strategic outcomes that continue to influence the sector. We’re committed to driving ongoing dialogue, updating strategies, and tracking progress to ensure meaningful results from this initiative,” she said. Reinforcing the importance of sustained stakeholder participation, she added, “This conference marks the beginning. The follow-up is just as crucial. Our focus is to translate discussions into measurable advancements, with continued engagements to maintain stakeholder involvement in the power sector’s evolution.”
Meanwhile, FOP Project Consultant, Yetty Ogunnubi, highlighted the necessity of communication and engagement in ensuring lasting transformation within the energy sector. “Real change in the power sector relies on effective messaging and engagement as much as on policy and investment. The Future of Power Africa Conference aims to foster action by ensuring crucial conversations reach the right audiences at the right time,” she noted.
She stressed the timeliness of the conference, noting that the evolving energy landscape in Africa requires urgent and solution-driven dialogue. “Now is the moment for constructive, solution-focused discourse on Africa’s energy challenges. This conference offers platform for key players to address issues, seize opportunities, and make a real impact.”