spot_img
spot_imgspot_img
July 17, 2026 - 3:24 PM

Power Minister Adelabu Set to Step Down as Oyo Governorship Bid Gains Momentum

Nigeria’s Minister of Power, Adebayo Adelabu, is expected to resign from his position as he prepares to contest the Oyo State governorship, according to emerging details from the Presidency.

 

The progress stems from a recent meeting Bola Ahmed Tinubu held at the Presidential Villa, during which the minister reviewed his performance in the power sector. Discussions apparently addressed ongoing changes, including measures to stabilize electricity production, improve transmission networks, and carry out long-term policy frameworks.

 

Sources say the president has approved the intended political action and recognized Adelabu’s contributions. The expected departure would align with past instructions asking holders of public office who are aspiring to elective positions to step down.

 

Though the move remains a top priority for the government despite ongoing obstacles, The News Chronicle understands that the move’s timing is being carefully controlled to avoid disrupting current improvements in the electricity industry.

 

Having served as a former Central Bank deputy governor, Adelabu has guided policies aimed at strengthening Nigeria’s weak power grid. Repeated grid failures and large-scale power outages, however, continue to call into question the pace of development.

 

His expected departure comes as the government reassesses before the upcoming political elections, with interest now focused on how leadership transitions may affect ongoing industry changes, adding to a series of recent cabinet changes.

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted

Share post:

Subscribe

Latest News

More like this
Related

Tinubu Signs Landmark Order to Regulate Virtual Assets, Protect Investors

President Bola Ahmed Tinubu has signed the Presidential Executive...

Tinubu’s Reforms Empowering Local Governments, Restructuring Economy — Tope Fasua

The Special Adviser to the President on Economic Affairs,...

CBN Introduces Tougher FX Rules as BDC Weekly Dollar Purchases Face New Limit

The Central Bank of Nigeria has rolled out stricter...
Join us on
For more updates, columns, opinions, etc.
WhatsApp
0
Would love your thoughts, please comment.x
()
x