The Federal Government has approved major investments to strengthen Nigeria's electricity supply, with a focus on supporting industries and small businesses.Minister of Power, Adebayo Adelabu, disclosed that the Federal Executive Council (FEC) approve… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG approves ₦13bn power project to boost manufacturing in Lagos, Ogun By Busola Bamidele on August 18, 2025 The Federal Government has approved major investments to strengthen Nigeria's electricity supply, with a focus on supporting industries and small businesses. Minister of Power, Adebayo Adelabu, disclosed that the Federal Executive Council (FEC) approved ₦13 billion for power projects in Lagos and Ogun States. The fund will cover compensation for affected landowners, paving the way for smooth project execution. Read also: FG approves ₦13bn power project to boost manufacturing in Lagos, Ogun FG, Cross River unveil ICT hub, grants to boost MSMEs Nigerian manufacturers turn to local sourcing amid forex crunch How building emotional intelligence can accelerate your career Women entrepreneurs to benefit from $50m WTO digital economy fund He added that the approvals include procurement of new transformers to upgrade the ageing national grid, ensuring more reliable electricity distribution. Adelabu stressed that the initiative is targeted at stabilizing power supply for manufacturers, a move expected to cut production costs, stimulate industrial growth, and create more jobs.

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