Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    UK Court Acquits Diezani Alison-Madueke of Bribery Charges

    June 17, 2026

    CBN Hikes Interest Rates on Treasury Bills to 17.34%

    June 17, 2026

    Bitcoin Slips as Bank of Japan Hikes Rates to 31-Year High

    June 17, 2026
    Facebook X (Twitter) Instagram
    Trending
    • UK Court Acquits Diezani Alison-Madueke of Bribery Charges
    • CBN Hikes Interest Rates on Treasury Bills to 17.34%
    • Bitcoin Slips as Bank of Japan Hikes Rates to 31-Year High
    • Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment
    • IMF: FG Dismisses Report on New Telecom, Fuel Taxes
    • G7 leaders to Discuss Global Economic Recovery
    • South Africa’s Inflation Rises to 4.5% in May
    • Crude Oil Prices Fall Below $80 as Supply Risk Eases
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, June 17
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Adelabu Inaugurates Ministerial Power Sector Working Group

    Adelabu Inaugurates Ministerial Power Sector Working Group

    Olu AnisereBy Olu AnisereJuly 17, 2024 News No Comments3 Mins Read
    Adelabu Inaugurates Ministerial Power Sector Working Group
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Adelabu Inaugurates Ministerial Power Sector Working Group

    The Minister of Power, Mr Adebayo Adelabu  has  inaugurated the Ministerial Power Sector Working Group  to  serve as a platform for supervisory,  monitoring and oversight control of the power sector.

    Adelabu, while speaking at the inauguration in Abuja, said that the working group would serve as a platform for the supervision, monitoring and oversight control of the sector.

    He also said that the group would also clarify issues with detailed explanation of what is happening in the sector, since the activities are inter-related.

    The minister said that though there had been existence of the meetings in the past, it was necessary to re-introduce and improve on it by inaugurating the group.

    He said that the major reason for re-introducing the meeting of the working group is to create a platform for information sharing, dissemination and sector wide communication medium, which is key to greater productivity.

    `’The   meeting of the working group would serve more like a backup for sector co-ordination and centralised project management.

    “The  benefits of the meeting of the working groups is the synergy that we tend to gain from coming together for the first year and capacity optimisation,” he said.

    Adelabu said that the meeting would further serve as a training platform and a refresher opportunity for optimum representation of the power sector.

    He urged the working group to work hard to achieve the set target.

    Also, at the meeting, Directors and Agencies under the supervision of the Ministry of Power also signed a  performance contract to ensure proper tracking and supervision of projects.

    The performance contract was signed on behalf of the agencies by the Chief Executive Officers ( CEOs) and the Permanent Secretary, Ministry of Power on behalf of the Directors.

    The News Agency reports that agencies which signed the contract included the Transmission Company of Nigeria (TCN), Rural Electrification Agency (REA), National Power Training Institute (NAPTIN), Nigerian Electricity Management and Safety Agency (NEMSA).

    Others are the Nigeria Electricity Regulatory Commission (NERC) the Nigeria Bulk Electricity Trading (NBET) and the  Nigeria Electricity Liability Management Ltd  (NELMCO).

    “What  we are doing by the  signing of the performance contract which is like a bond that will compel each and every one of us to deliver on our target.

    “In November 2023, as   Minister of Power, I signed a performance contract with the President Bola Tinubu which summarised what he expects from us.

    “We have cascaded that contract down to the departments and agencies in the power sector that will contribute to the overall achievement of what we signed with Mr. President.

    “As we know that it is a top -down approach, which is also a bottom-up approach,” he said.

    The minister, however, expressed confidence and assurance that the overall target would be achieved by the working group. #Adelabu Inaugurates Ministerial Power Sector Working Group

    Modric Signs New 1-year Deal With Real Madrid

    Adebayo Adelabu
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Olu Anisere
    • Website
    • LinkedIn

    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

    Keep Reading

    UK Court Acquits Diezani Alison-Madueke of Bribery Charges

    CBN Hikes Interest Rates on Treasury Bills to 17.34%

    Bitcoin Slips as Bank of Japan Hikes Rates to 31-Year High

    Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment

    IMF: FG Dismisses Report on New Telecom, Fuel Taxes

    G7 leaders to Discuss Global Economic Recovery

    Add A Comment

    Comments are closed.

    Editors Picks

    UK Court Acquits Diezani Alison-Madueke of Bribery Charges

    June 17, 2026

    CBN Hikes Interest Rates on Treasury Bills to 17.34%

    June 17, 2026

    Bitcoin Slips as Bank of Japan Hikes Rates to 31-Year High

    June 17, 2026

    Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment

    June 17, 2026

    IMF: FG Dismisses Report on New Telecom, Fuel Taxes

    June 17, 2026
    Latest Posts

    UK Court Acquits Diezani Alison-Madueke of Bribery Charges

    June 17, 2026

    CBN Hikes Interest Rates on Treasury Bills to 17.34%

    June 17, 2026

    Bitcoin Slips as Bank of Japan Hikes Rates to 31-Year High

    June 17, 2026

    Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment

    June 17, 2026

    IMF: FG Dismisses Report on New Telecom, Fuel Taxes

    June 17, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.