The Group Managing Director of Sahara Power Group, Kola Adesina, has said Nigeria’s power sector is entering a more stable phase that would attract investors, driven by Federal Government reforms and the gradual resolution of legacy debts that have long constrained growth across the electricity value chain.
He also revealed that Sahara Power is on course with plans aimed at increasing dispatched generation capacity to between 6,500 megawatts and 7,000 MW and is pioneering the launch of a data centre to foster expansion and innovative operations.
He noted that the group would invest heavily in both gas and renewable sources to achieve additional generation capacity within the next three to five years, with the goal being “sustainable, affordable, and reliable power for households and industries.”
Adesina, during an interview, pointed out that recent infrastructure and macroeconomic policies under President Bola Tinubu have introduced a level of clarity and predictability that is reshaping investment decisions in the sector.