Genesis Energy Group, a leading pan-African clean-energy infrastructure developer and asset-management company, has restated its dedication to accelerating Nigeria’s energy transition through expanded private-sector investment and strategic collaborations aimed at delivering clean, reliable and sustainable power nationwide.
The commitment was reiterated at the 2025 Nigeria Energy Leadership Summit, held on Tuesday, 28 October 2025, at the Landmark Centre in Lagos. Genesis Energy participated as Headline Sponsor, joining policymakers, financiers and industry leaders to examine pathways to a more sustainable and resilient electricity system under the theme “Powering Nigeria through Investment, Innovation and Partnership.”
Delivering a keynote address titled “Reimagining Investment in the Nigerian Electricity Supply Industry,” Akinwole Omoboriowo II, Chairman and Chief Executive Officer of Genesis Energy Group, emphasised the importance of policy reform, market efficiency and collaboration in unlocking long-term transformation of the power sector.
According to him, “for decades, Nigeria’s power sector has been characterised by immense potential but persistent challenges. With the introduction of the Electricity Act 2023, we now have a clear and enduring framework that defines how the sector will grow and operate. For the first time, sub-national governments can establish their own electricity markets, tailoring solutions to their unique economic needs. The Act also gives legal recognition to off-grid and mini-grid projects, transforming them from pilot schemes into viable, bankable investment opportunities. This clarity is restoring investor confidence and creating space for innovation and competition across the value chain. These are the foundations of NESI 2.0 — a new, decentralised energy system built on policy certainty, private capital, and shared ambition.”
Mr. Omoboriowo also pointed to the visible impact of recent reforms, highlighting Genesis Energy’s growing portfolio of investments and partnerships across the country.
He added, “At Genesis Energy, we are already translating these reforms into tangible results through partnerships that demonstrate what is possible when policy meets execution. Earlier this year, we signed a $500 million Memorandum of Understanding with the Katsina State Government to deploy large-scale solar photovoltaic and battery storage systems across the state. The first phase of this project powers the Katsina State General Hospital entirely through solar and battery systems, while the State Government Complex now operates on a hybridised model that delivers uninterrupted electricity. This initiative has already generated measurable outcomes, including an annual cost saving of over ₦3 billion and significant improvements in service reliability. Beyond cost savings, it shows how decentralised, state-led energy projects can strengthen local economies, create jobs, and enhance social infrastructure. These are not isolated interventions but signals of a maturing market, one where private capital and public policy are working in true alignment to power Nigeria’s growth.”
In his remarks, the Minister of Power, Chief Adebayo Adelabu, underscored the continuing importance of public-private collaboration in strengthening Nigeria’s energy system.
He said "The responsibility of providing stable electricity can never be left in the hands of the federal government alone. Given the level of investment required in this sector, we need private infusion, both local and foreign. We must engage local and foreign investors at the state level to establish generation, transmission, distribution, and off-grid solutions. This is especially critical for rural, unserved, and semi-urban communities. States now have the autonomy to develop their own power projects, including small hydro, solar, wind, or other generation options, and with partnerships with companies such as Genesis Energy, we can mobilize the expertise and technology, to make these projects successful. By doing this, we can guarantee energy security and unlock opportunities for local economic growth."
The Nigeria Energy Leadership Summit, organised by Informa Markets under the patronage of the Federal Ministry of Power, remains a key platform for high-level dialogue on investment, innovation and sustainability within West Africa’s power landscape. The event brings together government officials, regulators, financiers, development partners and private-sector players to examine strategies for expanding electricity access, accelerating clean-energy adoption and building a secure, diversified energy mix for Nigeria by 2030.
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