It is my pleasure to extend heartfelt congratulations to the Nigerian Electricity Regulatory Commission (NERC) as it marks twenty years since its establishment. Over the past two decades, NERC has evolved into a formidable and respected regulator, an institution distinguished by its leadership in the design and implementation of regulatory instruments, and in sector oversight and reform.

Every farmer knows that harvest does not come the same day you plant. You must first till the land, sow the seeds, and wait for rain. That is what the administration has been doing in our nation over the past two years, sowing the seeds of reform so that the harvest of prosperity may reach every family, every farm, and every school.

The Federal Government of Nigeria has taken a major step toward restoring financial stability and investor confidence in the electricity market with the finalization of the implementation framework for the Presidential Power Sector Debt Reduction Plan — a landmark initiative approved by President Bola Ahmed Tinubu to address structural bottlenecks and lay the groundwork for large-scale private sector-led investment and sustained economic growth.