The Group Managing Director of Sahara Power Group, Kola Adesina, has declared that Nigeria’s power sector is moving toward a more stable and investable era. Speaking on Monday, January 5, 2026, Adesina attributed this positive shift to the Federal Government’s aggressive reforms and the systematic resolution of legacy debts that have historically crippled the electricity value chain. He revealed that Sahara Power is currently on track to increase its dispatched generation capacity to between 6,500 megawatts (MW) and 7,000 MW. This expansion is supported by the group’s commitment to invest heavily in both gas and renewable energy sources over the next three to five years to ensure reliable supply for households and industries.
Adesina highlighted that Sahara Power has already settled $438 million of its original $600 million loan obligation—roughly 73% of the debt—despite the liquidity challenges facing the industry. He noted that the Tinubu administration’s infrastructure plan has introduced much-needed “clarity and predictability” for investors. This sentiment is backed by macroeconomic improvements, including relative exchange rate stability and a slowdown in inflation, which allow for better long-term planning. The GMD emphasized that the ongoing settlement of legacy debts, which stood at ₦1.514 trillion as of March 2025, is a critical catalyst for restoring investor confidence and attracting new capital.
In addition to capacity expansion, Sahara Power is pioneering the launch of a new data center designed to enhance operational transparency and efficiency through real-time analytics. This facility will work alongside government regulators to improve predictive maintenance and cybersecurity across the grid. Adesina also pointed to significant progress in the National Mass Metering Programme, with over 2.3 million new meters deployed since 2020. He believes that the emerging cooperation between regulators and operators will lead to “supply reliability” and a reduction in aggregate technical and commercial losses, ultimately benefiting the end-users.
