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FG Says Nigeria needs $100 billion to solve power crisis

Nigeria needs over $100 billion in public and private investments to achieve 24-hour electricity, as Power Minister Adebayo Adelabu outlines funding gaps, gas shortages, and sector reforms. The Federal Government has revealed that Nigeria needs more than $100 billion in combined public and private investment across the entire power sector to ensure a reliable 24/7 electricity supply.

At a press conference, where he was updating the public on recent developments and achievements in the power sector under the current government, the Minister of Power, Adebayo Adelabu, acknowledged the recent decline in electricity supply across the country. He apologized to the people of Nigeria and promised to take quick steps to fix the situation.

Put together, we are talking of over $100bn of investments in the upstream, midstream, and downstream of the power sector value chain,” Adelabu said. “This is not a figure to be underestimated, but it is achievable in phases, through a combination of government and private sector participation. Patience and consistent investment are key.”

The minister explained that the government has worked out the costs: bringing an extra 20,000 megawatts of power online would likely set them back around $30 billion, based on an average cost of $1.5 billion for every 1,000MW plant. Getting that power to where it’s needed through transmission lines is estimated at $20 billion, while setting up distribution networks and gas pipelines would cost roughly $25 billion and $22 billion, respectively.

Adelabu pointed out that while South Africa, with a population of about 60 million, is considering a $25 billion private investment in its energy sector, Nigeria’s much larger population – over 200 million – means we need to invest even more, proportionally speaking.

Although there are difficulties now, the minister also emphasized the significant progress that has been made since the current administration took office in September 2023. “For the first time in Nigeria’s history, we achieved a generation peak of 6,001 megawatts in April 2025, and the highest transmission of 5,801 megawatts on March 2, 2025,” he said.

“This was made possible through completion of the Zungeru hydro power plant (700MW), rehabilitation of existing thermal plants, and expansion of renewable energy via mini-grids.”

Installed capacity rose from 13,000MW in 2023 to 14,400MW in 2025, while financial interventions included a N4tn debt restructuring to clear outstanding unpaid subsidies to power-generating companies, of which N501bn has already been raised from the bond market and disbursed.

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Lifestyle

Mo Abudu Opens Ebony Life In London

Mo Abudu has opened a London cinema dedicated to African and Black films, saying her experiences growing up in England inspired her to help change perceptions of Africa.Abudu opened EbonyLife Place London on Thursday, 8 October, in south-west London near Nine Elms, with a 160-seat auditorium for films, performances and cultural events. AFP describes it as the UK’s first cinema dedicated exclusively to African and Black films. London Mayor Sadiq Khan joined the opening. The centre will also showcase African food and fashion.

Speaking in an interview with BBC Africa shared on X on Friday, Abudu recalled that when people were asked what came to mind at the word Africa, the answers she heard were “poverty” and babies with flies on their faces. She said those images came largely from what people read in newspapers and saw on television.

Growing up in England, she said, she found herself acting as an ambassador for everything African or Nigerian and was often asked “the most pathetic questions.” She said people sometimes said hurtful things and she learned to swallow them and move on. Racism is real, she said, and the way to deal with it is to offer a different narrative.

She described the cinema as a permanent, round-the-clock home for African and Black films, food and fashion. She stressed that it isn’t meant to keep those films off other platforms, but that because the community is underrepresented, it needs spaces where it feels safe and can share its own content while inviting the rest of the world in. The only way to do that, she said, is to be in charge of the narrative.

Membership will be open to everyone, with no ethnic or nationality restrictions, though details of the scheme have not been announced.

The programme is still being finalised, but Abudu has said it will include films from across Africa and movies that celebrate Black actors and storytelling, alongside the centre’s own productions and the next Black Panther film. She told AFP she would like to open a similar space in Paris, possibly through a partnership.

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Celebs

Regina Daniels marks 25th birthday in a wheelchair, having spent months unable to walk

Nollywood actress Regina Daniels has opened up about her health, appearing in a wheelchair in a birthday video in which she said she has spent months unable to move around as she pleases.

In the video posted on Instagram on Saturday, she marked what she called her silver jubilee and asked God for “total calm” in this new phase of her life. She then addressed the sight of her in a wheelchair directly.

“I know many of you may be surprised seeing me in a wheelchair,” she said. “Well, welcome to another chapter of my life.”

She said fans had been asking about her absence from the public eye, and she chose her birthday to answer those who genuinely care.

According to the actress, she has lost her freedom to move around as she pleases for several months. She said it began as something minor before getting worse, and that things took a major turn after the last public gathering she hosted, her children’s day carnival. Regina said the pain became excruciating. Some days she could walk well, she said, and on others she could not move at all. She said she cried and turned to God for healing.

Her tone then lifted as she said she was speaking because of some really significant developments in her recovery and thanked God. She did not say what condition she has, what caused it, or what treatment she is receiving.

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Wike’s son accused of collecting $2.1 million for land in Abuja

Jordan Ezenwo Nyesom-Wike, son of FCT Minister Nyesom Wike, is facing a civil suit over an alleged $2.1 million land deal gone wrong, with the claimants saying most of that money was intended for his father.

According to court filings, two men say they met Jordan in London and later reconnected with him in Abuja, where they asked for his help securing 60 hectares of land split between Katampe and Guzape. They claim Jordan told them the facilitation fee would come to $2.1 million: $2 million of it earmarked for the minister himself, and $100,000 as Jordan’s own cut.

The claimants say they handed over the full amount on 26 September 2025, at a property in Gwarimpa, Abuja, with several named witnesses present. They allege that after the money changed hands, they got no land and no refund, and Jordan stopped responding to them.

Jordan’s defence hinges on a single detail: he says he wasn’t even in the country that day. Under cross-examination at the FCT High Court in Maitama, he told the court he was on a British Airways flight from Abuja to London on 26 September 2025, the exact date the claimants say the payment was made. He also denies signing any acknowledgment of receipt for the money, calling the signature on the document a forgery.

The exchange prompted the claimants’ lawyer to ask the court to compel Jordan to produce his American passport, to check it against his travel claim, and to write out his name and signature five times on a plain sheet of paper for comparison. Justice Sylvanus Oriji granted both requests. Jordan produced the passport the following day; the court has not yet ruled on whether his account of his whereabouts holds up.

Jordan has said he flagged the allegations himself, in a letter to his father and the Economic and Financial Crimes Commission back in November 2025.

The case has since drawn wider attention. Rights lawyer Chidi Odinkalu has called on Justice Oriji to step aside from the case over family and professional ties, while the Human Rights Writers Association of Nigeria has urged the EFCC and ICPC to open an independent investigation rather than wait for the civil case to conclude.

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