Sahara Group Lauds FG’s Infrastructure Drive, Shows New Era of Stability in Energy Sector

…Kola Adesina commends collaboration among stakeholders

The Group Managing Director of Sahara Power Group (SPG), Kola Adesina, has expressed strong confidence in the federal government’s long-term infrastructure and economic reform agenda, saying recent policy actions under President Bola Tinubu have created a more predictable and investor-friendly environment for Nigeria’s power sector.

Sahara Power is Nigeria’s foremost power company, responsible for about 19 per cent of total power generated in the nation. Its subsidiaries include Egbin Power Plc, the largest thermal power plant in sub Saharan Africa, First Independent Power Limited, a leading generating company in the Niger Delta, and Ikeja Electric, the largest privately-run distribution company in sub-Saharan Africa.

Speaking during an interview, Adesina disclosed that Sahara Power had undertaken extensive scenario planning and aligned its strategic objectives with what he described as the president’s bold, clear-sighted and long-term oriented infrastructure plan.

According to him, the administration has shown uncommon resolve in tackling structural bottlenecks that have historically constrained investment, particularly in the energy value chain.

He noted that decisive reforms and policy clarity have significantly improved investor confidence, opening the door to sustained growth in the power sector and broader economic development. Adesina said the removal of long-standing impediments has helped reposition Nigeria as a more credible destination for long-term capital.

The Sahara Power chief further pointed to macroeconomic improvements as a key factor reshaping business expectations, citing clearer policy reforms in the power sector, increased stability in the foreign exchange market, a marked slowdown in inflation, and the knock-on effect of more moderate interest rates as developments that now allow investors to plan with greater certainty.

“We have done a series of scenario planning and will anchor our strategic objective on the bold, clear-sighted, long-term oriented infrastructure plan of President Bola Ahmed Tinubu. Mr President has demonstrated courage in confronting age-long bottlenecks, clearing the way for investor confidence thereby engendering significant growth and development of the power sector and Nigeria’s economy in general.

“With clear positive policy reforms in the sector, stability in the exchange rate, significant reduction in inflation rate and the associated moderated interest rate, we as well as other investors in the sector can now easily plan with a higher sense of predictability and conviction,” he stated.

Adesina’s remarks came amid renewed efforts by the federal government to attract private capital into Nigeria’s electricity sector, seen as critical to unlocking industrial productivity, job creation, and long-term economic competitiveness.
Providing updates on the “State of the Power sector and Opportunities Ahead”.

Adesina emphasised that from a legacy debt resolution to tech-driven expansion, Nigeria would ultimately overcome its challenges to become the transformational power hub in Africa.

“We are witnessing unprecedented collaboration involving the federal government, power ministry, regulatory agencies, power entities, CBN, banks and multilateral financial and development agencies, and other stakeholders in the power sector.

We believe that this trend will continue in 2026 and this will spur sector-wide growth that will translate to greater efficiency, sustainability and more power for Nigerians,” he said.

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