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Home Business news

Nigeria Projects Nearly $1bn Annual Revenue from Electricity Exports by 2026

Victoria Emeto by Victoria Emeto
November 20, 2025
in Business news, Energy
0
Nigeria Projects Nearly $1bn Annual Revenue from Electricity Exports by 2026

The Federal Government is projecting nearly $1bn (about N1.49tn) in annual revenue from electricity exports to 15 West African countries under the Economic Community of West African States (ECOWAS) sub-region starting June 2026.

The earnings estimate is based on the potential of a 600 megawatts export capacity operating at the prevailing regional tariff. This marks a major push toward Nigeria’s full participation in the West African power market, following a landmark grid synchronisation exercise completed this month.

The Minister of Power, Chief Adebayo Adelabu, disclosed the projection on Wednesday during a press conference in Abuja. He announced that Nigeria had, on November 8, 2025, successfully conducted a four-hour grid synchronisation test linking its national electricity grid with the West African Power Pool system, which connects 15 countries in the region.

According to Adelabu, the achievement positions Nigeria to fully leverage its role as the regional power hub, especially as generation companies intensify compliance with free-governor control, a critical operational standard for sustaining regional grid stability.

With increasing capacity for efficient grid management and cross-border electricity trade, the government believes the move represents a key milestone in boosting national revenue while improving economic cooperation across the sub-region.

Tags: #ECOWAS#ElectricityExport#NigeriaPowerSector#WestAfricanPowerPool
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