PANA Holdings Unveils Strategy To Slash Nigeria’s Electricity Tariffs By 25%
In a decisive move to reshape Nigeria’s power sector, the Chairman of PANA Holdings, Dr. Daere Akobo, has announced a groundbreaking initiative through PANA Infrastructure, the group’s infrastructure subsidiary and an affiliate of PE Energy.
The initiative aims to reduce electricity tariffs in Nigeria by up to 25 per cent through a bold, technology-driven strategy focused on optimizing existing infrastructure, replacing obsolete systems, and building an intelligent spare parts distribution network.
The company stated that the visionary undertaking draws inspiration from global digital energy frameworks, including efforts led by technology leaders like Nandan Nilekani, who recently described energy as “the next UPI” in India’s digital transformation.
In a statement on Monday, PANA Infrastructure said it is adapting similar principles to Nigeria’s unique context—bringing together digital innovation, asset modernization, and operational reform to unlock massive cost savings for power consumers nationwide.
Rather than investing solely in new generation capacity, the initiative is anchored on three practical pillars.
The pillars are optimizing existing infrastructure to reduce technical and commercial losses, replacing obsolete and underperforming equipment across the grid and establishing a responsive, predictive spare parts supply and maintenance ecosystem that prevents prolonged outages
The comprehensive approach is designed not just to stabilize the grid, but to create a self-sustaining and cost-efficient system that delivers real value to Nigerians.
By combining real-time digital monitoring with proactive asset management, the Company stated that PANA Infrastructure would be eliminating the waste and inefficiencies that have driven tariffs upward for decades.
The company is also investing in local technical capacity, creating new opportunities for Nigerian engineers, field technicians, and data analysts to take ownership of the country’s energy future.
In a bid to sensitize Nigerians about the national transformation effort and to engage directly with the project leadership, the company has invited industry stakeholders to attend the Annual Asset Management Conference 2025.
The event would be co-hosted by PE Energy and Thomassen Energy BV, in Abuja.
PANA Holdings Unveils Strategy To Slash Nigeria’s Electricity Tariffs By 25% is first published on The Whistler Newspaper
