PSRP
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About PSRP

The Power Sector Recovery Programme (PSRP) is a programme of interventions approved by the Federal Executive Council (FEC) in March 2017 to reset the Nigerian Electricity Supply Industry (“NESI”). The Programme is aimed at boosting Nigeria’s economy by rebuilding a functioning and fair power sector.

PSRP is designed to restore the financial viability of the power sector, improve transparency and service delivery, resolve consumer complaints, and reduce losses and energy theft. The Programme consists of series of well-planned policy actions, regulatory, operational, governance, and financial interventions being implemented in partnership with the World Bank and other key stakeholders.

President Muhammadu Buhari, GCFR

Engr. Abubakar D. Aliyu, FNSE

Minister of Power

Zainab Shamsuna Ahmed

Minister of Finance, Budget and National Planning

Goddy Jedy Agba OFR

Minister of State for Power

Ben Akabueze

Director-General, Budget Office of the Federation

SolutionBenefits
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The Federal Government is committed to restoring the sector through the PSRP. The PSRP comprises numerous measures aimed at:

  • Improving the reliability of electricity supply to Nigerian

  • Achieving financial and fiscal sustainability

  • Improving service delivery

  • Enhancing accountability

PSRP is facilitating a reform of the power sector, which will:

  • Improve the availability and reliability of electricity, the Programme will help reduce poverty and boost shared prosperity

  • Establish the institutional and policy pre-requisites for attracting private financing in the sector

  • Support regional trade by strengthening Nigeria’s role in West Africa as a manufacturing hub

Objectives

Restore, improve, strengthen, increase transparency; implement and reinforce a contract-based electricity market.

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Why is PSRP Important?

There are several interlinked challenges in the Nigerian power sector that has brought it under severe stress.

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Milestones

Since its inception, the PSRP has achieved a number of significant achievements. Discover our achievements. 

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Partners

The  Power Sector Recovery Programme (PSRP) is a comprehensive reform programme to improve power supply, restore financial viability and enhance accountability and transparency in the power sector.

PSRP is designed to restore the financial viability of the power sector, improve transparency and service delivery, resolve consumer complaints, and reduce losses and energy theft.

 

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Useful Links

  • Budget Office of the Federation
  • Federal Ministry of Power
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  • NBET
  • NDPHC
  • REA
  • NEMSA
  • NELMCO
  • FCCPC
  • NERC Consumer Forum
  • DISCOs
  • GENCOs

CONTACT US

PSRO Secretariat
Budget Office of the Federation
Federal Ministry of Finance, Budget and National Planning
816 Ahmadu Bello Way
Central Business District, Abuja

Email: psro@budgetoffice.gov.ng.


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