The Presidential Power Sector Task Force is working hard to reduce the metering deficit. It has also been authorised to raise N4tn bond to settle verified legacy debts.

“The Rural Electrification Agency, supported by the World Bank and the African Development Bank, has deployed off-grid and mini-grid power to underserved communities, universities, markets, and hospitals.

“Electricity is a democratic dividend we owe every Nigerian. We intend to deliver it.”

On the broader economy, Tinubu said federation revenues had risen, providing states and local governments with more resources, fiscal transparency had improved, and investor confidence had returned across agriculture, energy, manufacturing, technology, mining, transportation and the creative industries.

He said non-oil exports grew by 21 per cent last year, over 1,000 small and medium enterprises had been certified for export, and the National Agricultural Development Fund was deploying 10,000 tractors over five years.

However, he acknowledged that hardship persists.

“Yet, many Nigerians still face economic hardship. We remain focused on reducing inflation, expanding food production, creating jobs, improving living standards, rebuilding confidence in our economy, and creating conditions for sustainable prosperity.

“We are moving from uncertainty to stability. The next phase is about accelerating growth and ensuring the benefits are felt in every home, every community, and every region. We believe that Democracy must be felt in the pocket,” he stated.