A New Dawn for Nigeria’s Power Sector: Minister Tegbe’s Brilliant Start

By: Lateef O. AREMU

Just few days into his tenure, Nigeria’s new Minister of Power, Engineer Joseph Olasunkanmi Tegbe, has already begun to illuminate the path towards a more stable and efficient electricity supply for the nation. Sworn into office on June 9, 2026, Minister Tegbe’s initial pronouncements and decisive actions reflect a profound understanding of the sector’s complexities, a testament to his distinguished professional background, intellectual brilliance and clear demonstration of the understanding of the task ahead. The minister unlike many before him did not over simplify the task at hand. He acknowledged the challenges and meticulous outlined the approaches towards finding solutions to the problem. He is not promising immediate miracle, but steady growth and measurable efforts towards achieving the set goals.

Minister Tegbe arrives at the helm of the Power Ministry with an impressive pedigree. A former Senior Partner and Head of Technology Advisory Services and Markets at KPMG Professional Services in Nigeria and across Africa, he has a proven track record of leading major reform initiatives, developing robust governance structures, and navigating intricate regulatory frameworks. His extensive experience in advisory services, coupled with his qualifications as a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and a Fellow of the Chartered Institute of Taxation of Nigeria (FCIT), positions him uniquely to tackle the multifaceted challenges plaguing Nigeria’s power sector.

In his inaugural engagements, Minister Tegbe wasted no time in outlining a clear vision. He pledged to strengthen collaboration, improve governance, and enhance accountabilityacross the entire electricity value chain. This emphasis on systemic improvements, rather than solely technical fixes, directly mirrors his background in advisory and governance. His insight that
many of the sector’s challenges are rooted in governance and coordination rather than purely technical issues is a direct reflection of his strategic thinking honed at KPMG, where he led advisory services focused on governance and regulatory frameworks.

One of his immediate and commendable actions was to rally Chief Executive Officers and Heads of Agencies and Parastatals under the Federal Ministry of Power. During this crucial meeting, Minister Tegbe underscored the necessity of a unified and coordinated approach among all stakeholders to achieve the administration’s goals for the Power Sector. This call for synergy, urging stakeholders to operate as “one team with one mandate” is a pragmatic approach to a sector historically plagued by siloed operations and a lack of cohesive strategy. His ability to quickly identify and address this fundamental organizational challenge speaks volumes about his leadership and analytical prowess.

Furthermore, Minister Tegbe has already demonstrated a commitment to tangible results. He commended the Transmission Company of Nigeria (TCN) for its prompt response to a recent feeder outage, which was resolved within the timeframe he directed. This swift restoration of supply, which he noted was reported directly to President Bola Ahmed Tinubu, highlights his dedication to urgency and service delivery, a quality that will undoubtedly instill confidence in both the public and sector operators.

Looking ahead, the Minister disclosed plans to introduce a performance-based incentive framework across the power sector to reward productivity, innovation, and excellence. This initiative is a clear demonstration of his understanding of motivational strategies and his commitment to fostering a culture of accountability and efficiency. This is the kind of principles often championed in top-tier consulting firms like KPMG. Such a framework is designed to drive continuous improvement and ensure that all stakeholders are aligned with the overarching objective of enhancing electricity supply.

In just a few short days, Engineer Joseph Olasunkanmi Tegbe has not only articulated a clear vision for Nigeria’s power sector but has also initiated concrete steps towards its realization. His blend of deep technical understanding, strategic leadership, and a commitment to good governance, all honed through years of high-level advisory work, positions him as a transformative figure.

As Joseph Olasunkanmi Tegbe assumes the role of Nigeria’s minister of power, Nigerians can look forward to a future where the brilliance of their Minister of Power translates into a consistently brighter and more reliable electricity supply.
With Joseph Olasunkanmi Tegbe at the helms of affairs in the power sector in Nigeria, Nigeria can rest asuured that “there is light at the end of the tunnel”

Lateef O. AREMU (Akano Gudugba)
S3 /706D
Odo-Ada Compound,
Oke-Eleta, Ibadan
08162994660
akanoola@gmail.com

A New Dawn for Nigeria’s Power Sector: Minister Tegbe’s Brilliant Start

NDLEA Sells Drug Barons’ Assets for N6.1bn, Sends Warning to Criminal Networks

By: Michael Mike

The National Drug Law Enforcement Agency (NDLEA) has dealt a major financial blow to drug trafficking syndicates, raising over N6.1 billion from the auction of properties confiscated from convicted drug kingpins across the country.

The assets, which include a six-storey luxury hotel in Victoria Island, Lagos, and three other high-value properties, were forfeited to the federal government following court orders obtained under Nigeria’s asset recovery laws.

The Victoria Island hotel accounted for the bulk of the proceeds, attracting a winning bid of N5.9 billion during a public auction conducted in Abuja on Monday. Altogether, four properties were successfully sold, while bids submitted for four others fell below the approved reserve prices and were consequently rejected.

The exercise marked one of the most significant asset recovery auctions conducted by the anti-narcotics agency in recent years and underscores a growing determination by authorities to target not only drug traffickers but also the wealth accumulated from illicit activities.

Announcing the results, the Head of Asset Recovery and Management Unit at the Federal Ministry of Justice, Tamarantare Francis Ali-Bozi, disclosed that Tope Ojo and Tunde Olonishakin Estate Firm emerged the successful bidder for the Victoria Island hotel.

Other successful bidders included FSS Limited, which secured a property in Lekki Phase 1, Lagos, with an offer of N219.5 million; A-BNB Global Innovations Limited, which won a block of flats in Ejigbo, Lagos, for N104 million; and Fazeen Global Link Limited, which acquired a property in Akure, Ondo State, for N29.36 million.

Speaking at the ceremony, Chairman and Chief Executive Officer of NDLEA, Brigadier General Buba Marwa (rtd), declared that the auction represented more than a revenue-generating exercise, describing it as a strategic weapon in the fight against organised crime.

Represented by the agency’s Secretary, Shadrach Haruna, Marwa said the disposal of recovered assets sends a strong signal that individuals involved in the illicit drug trade would not be allowed to retain or benefit from the proceeds of their crimes.

He noted that public auctions of forfeited assets help reinforce public trust in the justice system by demonstrating transparency and accountability in the management of recovered properties.

According to him, the agency remains committed to tracking, recovering and disposing of criminal assets in a manner that serves the public interest while strengthening Nigeria’s asset recovery framework.

“We shall continue to pursue drug traffickers, dismantle criminal networks, recover the proceeds of crime and uphold the rule of law without fear or favour,” he stated.

Marwa also stressed that extensive safeguards were put in place to guarantee the integrity of the process. He said all assets were professionally valued by the Federal Ministry of Housing and Urban Development, while auctioneers engaged for the exercise were screened and pre-qualified through procedures approved by the Bureau of Public Procurement.

The NDLEA boss added that representatives of anti-corruption agencies, civil society organisations, the media and members of the public were invited to witness the bid-opening exercise in order to ensure transparency and public confidence.

He maintained that the auction was conducted in strict compliance with the provisions of the Proceeds of Crime (Recovery and Management) Act, 2022, the Public Procurement Act, 2007, and other relevant regulations.

Analysts say the successful sale of the forfeited properties highlights a growing shift in Nigeria’s anti-drug strategy from merely arresting traffickers to systematically dismantling the financial foundations of criminal enterprises.

For law enforcement authorities, the message is unmistakable: drug trafficking may generate vast fortunes, but those fortunes can ultimately be traced, seized and converted into public assets.

NDLEA Sells Drug Barons’ Assets for N6.1bn, Sends Warning to Criminal Networks

ECOWAS Seeks Renewable Energy Revolution to Power Rural Development

By: Michael Mike

The ECOWAS Parliament has launched a fresh push for a renewable energy revolution across West Africa, declaring that access to electricity must become the cornerstone of efforts to tackle poverty, unemployment, food insecurity and economic stagnation in the region’s vast rural communities.

At the opening of a five-day Delocalized Joint Committee Meeting in Dakar, Senegal, lawmakers warned that despite possessing some of the world’s richest solar resources, West Africa remains trapped in an energy paradox that has left millions of people without access to electricity and denied rural economies the opportunity to prosper.

The gathering, which brings together parliamentarians, government officials, development partners, energy experts and private-sector stakeholders from across the ECOWAS region, is focusing on how renewable energy can be deployed to transform rural communities, boost agricultural productivity and stimulate inclusive economic growth.

Speaking on behalf of Speaker of the ECOWAS Parliament, Rt. Hon. Hadja Memounatou Ibrahima, Fourth Deputy Speaker Hon. Billay Tunkara said the region could no longer afford to treat renewable energy merely as an electricity project.

Instead, he argued, it should be seen as a strategic economic tool capable of transforming the fortunes of rural populations that continue to suffer from poor infrastructure, limited opportunities and persistent deprivation.

According to him, expanding access to clean energy would unlock new opportunities for farmers, women entrepreneurs and young people while accelerating industrialisation and strengthening regional development.

“Renewable energy is not merely a technical response to electricity demand. It is a key driver in transforming economic activities, particularly in rural areas,” he said.

The renewed focus on rural electrification comes amid growing concerns that West Africa’s development ambitions are being undermined by chronic energy shortages. Across the region, millions of households remain disconnected from national grids, while businesses spend huge sums on diesel-powered generators to compensate for unreliable electricity supply.

Energy experts have long identified inadequate access to power as one of the biggest obstacles to economic development in the region, limiting industrial growth, constraining agricultural value chains and weakening healthcare and education services.

The situation is even more severe in rural communities where access to electricity remains among the lowest in the world.

Highlighting the scale of the challenge, Head of the Senegalese Delegation to the ECOWAS Parliament, Hon. Guy Marius Sagna, revealed that electricity access among rural households in the ECOWAS region remains at only about 12 per cent despite the sub-region’s enormous renewable energy potential.

He described the disparity as one of the greatest contradictions facing West Africa.

“The figures speak for themselves. Our region possesses exceptional solar potential, yet millions of our people remain without electricity. This gap between available resources and their utilisation must be urgently addressed,” he said.

Sagna argued that achieving energy sovereignty has become essential for the region’s future, insisting that sustainable development would remain elusive unless countries gain greater control over their energy resources and infrastructure.

He linked the region’s energy challenges directly to broader development concerns, including rising unemployment, persistent poverty and food insecurity.

The urgency of the issue was echoed by Chairperson of the Joint Committee on Energy and Mines, Agriculture, Environment and Natural Resources, and Infrastructure, Hon. Fanta Conte, who disclosed that less than 40 per cent of the rural population across ECOWAS member states currently has access to electricity.

She noted that in some of the region’s most remote communities, the figure falls below 10 per cent.

According to her, the consequences extend far beyond lighting homes.

Without electricity, healthcare centres struggle to preserve vaccines and operate equipment, schools are unable to provide modern learning tools, businesses remain small and uncompetitive, while farmers lose opportunities to process and add value to agricultural produce.

Conte said parliamentarians have a critical role to play in ensuring that regional energy commitments are translated into concrete actions through legislation, oversight and implementation at national levels.

The discussions in Dakar are taking place at a time when many African countries are increasingly turning to renewable energy solutions to bridge electricity deficits, expand energy access and meet climate commitments.

Countries such as Senegal have emerged as important examples within the region, investing heavily in solar energy projects and diversifying their energy mix to reduce dependence on traditional energy sources.

Tunkara praised Senegal’s progress under President Bassirou Diomaye Faye, noting that investments in renewable energy infrastructure have expanded access to electricity for hundreds of rural households while strengthening the country’s drive toward energy independence.

Observers said the outcome of the Dakar meeting could have significant implications for the future of energy development in West Africa.

Beyond improving electricity access, advocates argue that a successful renewable energy strategy could stimulate local industries, create jobs, enhance food production, attract investment and improve living standards across a region that is home to more than 400 million people.

The meeting, which runs until June 19, will feature technical presentations, policy deliberations and field visits to renewable energy installations in Mboursine village, with lawmakers expected to produce recommendations aimed at accelerating rural electrification across the ECOWAS bloc.

For a region seeking solutions to some of its most stubborn development challenges, the message emerging from Dakar is clear: the road to economic transformation may well begin with the power generated by the sun.

ECOWAS Seeks Renewable Energy Revolution to Power Rural Development