The Akwa Ibom State Government has dismissed any suggestion of plans to sell the Ibom Power Plant, reaffirming its commitment to retaining its equity in the State’s power assets while positioning the facility as the anchor of its emerging electricity market.
The State Government also announced a major breakthrough in its electricity sector reforms, having become the 17th State in the Federation to obtain the Nigeria Electricity Regulatory Commission (NERC) Transfer Order, Order No. NERC/2026/087, empowering it to establish and regulate its own intrastate electricity market through the Akwa Ibom State Electricity Regulatory Commission (AKSERC).
The development, made possible by the Electricity Act, 2023 (as amended), marks a significant step in the State’s quest for greater control over electricity generation, distribution, and regulation within its territory.
The Commissioner for Power, Rt. Hon. Iniobong Robson, who disclosed this during a Ministerial Briefing on Friday, October 30, 2026, in Uyo, said the State was determined to consolidate its investments in the power sector rather than relinquish ownership of strategic assets.
He stressed that there was no plan to sell the Ibom Power Plant or surrender the State’s equity in FourPower Consortium Limited and the Ibom Electricity Holding Limited (IEHL), which holds the State’s shares in power sector assets.
Beyond conventional power generation, the Commissioner stated that the government was also exploring solar energy as a complementary source of electricity, with plans to train young people in solar installation, operation, and maintenance to expand access to clean and affordable energy for households and small businesses.
