Skip to content
July 21, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Electricity: Water, Power ministries sign MOU on $500m irrigation, hydropower project
  • National News

Electricity: Water, Power ministries sign MOU on $500m irrigation, hydropower project

Admin November 26, 2024
National grid collapse

Power line

Nov. 26, 2024

The Federal Ministry of Water Resources and Sanitation, and the Ministry of Power, have signed a Memorandum of Understanding for the implementation of the Sustainable Power and Irrigation for Nigeria (SPIN) project.

The 500 million dollars World Bank SPIN project aims to enhance dam safety and improve water resource management for hydropower and irrigation across 25 states.

At the signing ceremony in Abuja on Tuesday, the Minister of Water Resources and Sanitation, Prof. Joseph Utsev, said that the joint effort reflects the synergy required to implement transformational projects.

Utsev stated that the ministry’s mandate includes boosting food production, creating jobs for women and youth, and strengthening Nigeria’s economy.

“Today’s occasion marks another step towards achieving these goals and repositioning the country,” he stated.

He said that the initiative, approved President Bola Tinubu, reflected the administration’s commitment to inter-ministerial collaboration for delivering democratic dividends to Nigerians.

Utsev also acknowledged the ongoing support of the World Bank, describing it as a trusted partner in Nigeria’s development journey.

He cited initiatives like the Transforming Irrigation Management in Nigeria (TRIMING) project, concluding in January 2025, as foundations for innovative solutions in water and agriculture.

“We are confident that the SPIN project will build on this legacy by boosting food production and meeting the irrigation needs of our growing population,” he added.

As Chairman of the SPIN Preparatory Team, Utsev assured stakeholders of the ministries’ and partners’ full commitment to the successful implementation of the project.

“Our collective efforts have brought us to this significant moment, and I am confident that SPIN will deliver the tangible benefits Nigerians are eagerly anticipating,” he said.

Earlier, the Minister of Power, Mr Adebayo Adelabu, noted the importance of the partnership in achieving sustainable hydropower development and enhancing energy security across Nigeria.

He noted that while Nigeria is rich in water resources across its river basins, only about 2 per cent of the country’s estimated 14 gigawatts of hydropower potential has been harnessed.

“The signing of this MOU is a key step in ensuring Nigeria’s energy future is powered by clean, renewable sources, in line with the Nigeria Energy Transition Plan.

“We aim to optimise our natural resources, diversify our energy mix, and tackle climate change,” Adelabu said.

He emphasised that fully exploiting this potential could transform Nigeria’s energy landscape and providing sustainable power for millions.

He said under Tinubu’s leadership, the administration has committed to addressing energy challenges by prioritising energy’s vital role in economic growth and job creation.

“As part of the Renewed Hope Agenda, the government has introduced several legislative and policy measures, including the Electricity Act 2023, which decentralises the electricity market and allows subnational governments to participate.”

Adelabu also stressed the role of distributed energy systems in enhancing reliability.

“Decentralised power generation enables local governments and private investors to develop embedded energy systems, reducing risks to national grid infrastructure.

“This, alongside our renewable energy potential, especially in solar and hydropower, forms the foundation of our sustainable energy strategy.”

He pointed out that Nigeria’s northern states, with 8 to 12 hours of sunshine daily, offer opportunities for solar power, while hydropower remains key to the energy mix.

Adelabu reaffirmed that harnessing hydropower potential and fostering partnerships would ensure a reliable, affordable, and sustainable energy future for Nigeria.

Twenty five states have shown interest in SPIN project; Benue, Katsina, Akwa Ibom, Niger, Gombe, Sokoto, Enugu, Bauchi, Cross River, and Nasarawa.

Others are Ekiti, Kebbi, Plateau, Ebonyi, Zamfara, Abia, Kwara, Imo, Taraba, Kano, Delta, Osun, Jigawa, Edo, and Kogi. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Bola Tinubu Prof. Joseph Utsev SPIN

Post navigation

Previous Tinubu welcomes revamp of Port Harcourt Refinery,  directs NNPCL to fix Warri,  Kaduna refineries
Next Alleged fraud: EFCC arrests, detains Yahaya Bello 

Related Stories

Senate Widens Safe Schools Investigation to Audit TETFund, NELFUND, and UBEC Funds Senate passes Finance Bill
  • National News

Senate Widens Safe Schools Investigation to Audit TETFund, NELFUND, and UBEC Funds

July 21, 2026
NPC launches nationwide digital birth, death registration system
  • National News

NPC launches nationwide digital birth, death registration system

July 21, 2026
Olisa Agbakoba to chair GOCOP 2026 conference in Lagos
  • National News

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos

July 20, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

FG records over $24.1bn investment, $6.1bn to boost non-oil exports – Minister
  • Business & Economy

FG records over $24.1bn investment, $6.1bn to boost non-oil exports – Minister

July 21, 2026
Tinubu is ticking all the boxes in power sector reforms, says Olu Arowolo Verheijen
  • Business & Economy

Tinubu is ticking all the boxes in power sector reforms, says Olu Arowolo Verheijen

July 21, 2026
Senate Widens Safe Schools Investigation to Audit TETFund, NELFUND, and UBEC Funds Senate passes Finance Bill
  • National News

Senate Widens Safe Schools Investigation to Audit TETFund, NELFUND, and UBEC Funds

July 21, 2026
NPC launches nationwide digital birth, death registration system
  • National News

NPC launches nationwide digital birth, death registration system

July 21, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.