Oritsegbubemi Omatseyin
Lagos — The Niger Delta Power Holding Company, NDPHC, has commended President Bola Tinubu for his administration’s decisive step in revamping Nigeria’s power sector through the approval of the ₦4 trillion legacy debt defrayment owed to GenCos.
Speaking at the NAEC Energy Conference 2025 in Lagos, where NDPHC was honoured as Power Company of the Year 2025, the Managing Director NDPHC, Engr. Jennifer Adighije, described the move as a landmark decision that would restore financial health to the sector.
She stated: “With the funds available, we at NDPHC, given our unique mandate as the government’s intervention entity in the power sector, plan to deploy a significant portion of these recovered funds to enhance plant efficiency by converting our power plants from open-cycle to combined-cycle operations. This will not only enhance efficiency but also diversify our generation mix, aligning with Nigeria’s energy transition plan.”
Adighije further noted that the power sector is currently undergoing a major transition, moving towards bilateral trading and the implementation of a cost-reflective tariff regime.
“What this means for us is that we are beginning to see increased liquidity within the sector, which in turn is making it more bankable and attractive for investment. For us in the power generation space, we understand that cash flow drives efficiency and sustainability. Improved liquidity ensures that generation companies are better positioned to reinvest in the power sector,” Adighije said.
She reaffirmed NDPHC’s commitment to supporting ongoing reforms, promoting efficiency, and driving Nigeria’s Energy Transition Plan while calling for collaboration among all stakeholders to ensure energy security and economic growth.
