The Nigerian Academy of Engineering (NAEng) has urged the Federal Government to implement the Presidential Power Initiative (PPI) without delay.
The academy wants the national electricity grid upgraded to a 25,000 megawatts (MW) capacity saying the move would help address Nigeria’s persistent power challenges.
The academy’s President, Prof. Rahamon Bello, made the call in Lagos speaking during a press conference ahead of NAEng’s 2026 Apex Events.
Bello said Nigeria’s power sector requires urgent reforms and more investment explaining that, the academy recently reviewed the country’s electricity supply and demand gap.
Following the review, NAEng developed a policy paper with recommendations for improving the sector.
“The chronic liquidity squeeze in the power sector demands aggressive financial engineering,” Bello said.
He added that financial challenges remain a major barrier to stable electricity supply.
Meanwhile, Bello praised the Federal Government for introducing reforms in the power sector.
He said NAEng supports the Presidential Power Sector Financial Reforms Programme.
The academy also pledged technical support for the initiative.
“The Academy commends the Federal Government’s bold initiative, and we strongly endorse and provide technical backing for the Presidential Power Sector Financial Reforms Programme,” Bello said.
Additionally, NAEng called for the immediate issuance of specialised bonds.
Bello said the bonds would help clear outstanding debts owed to gas suppliers.
According to him, clearing the debts would improve gas supply to power plants.
As a result, electricity generation could become more stable across the country.
“We strongly advocate for the immediate issuance of specialised bonds to systematically liquidate gas supply debts and unlock steady power for Nigerians in their homes, businesses and industries,” he said.
Bello described the Presidential Power Initiative as essential to improving electricity delivery.
