The Managing Director of Sahara Group, Kola Adesina, has expressed strong confidence in the energy sector reforms introduced by President Bola Tinubu’s administration.

This was contained in a statement on Thursday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

Onanugas said in an interview for a forthcoming State House TV documentary marking the president’s second year in office, Adesina praised the government’s efforts to improve transparency, regulatory clarity, and investor confidence in the petroleum and power sectors.

“The most significant shift I have seen—without a doubt—has been the government’s willingness to confront the long-term inefficiencies within the petroleum sector. President Bola Ahmed Tinubu’s courage in removing the fuel subsidy and market distortions hasn’t been rivalled in the history of Nigeria,” Adesina said.

According to him, the removal of the fuel subsidy has helped create a more sustainable energy environment and enabled better planning by businesses and policymakers.

“The energy sector today is stronger and more sustainable. We can now plan. The macro and micro elements are beginning to work together, and there’s strong potential for long-term benefits,” Adesina added.

He noted that investors now enjoy fairer competition and more predictable market conditions.

“For us, it’s about the free market, open market, and transparency. Nothing beats that. When there’s no clarity or consistency, investment becomes difficult. But now, we know how to price. It’s open to everyone in the market—whether investing or buying—and you know reform is here and guiding every process,” he stated.

Adesina also commended the implementation of the Petroleum Industry Act (PIA), describing it as a “game-changer” for the sector.

“PIA is now easier to relate with—unlike before when policy inconsistencies were the order of the day. Private sector players like us want to invest with the confidence that policy won’t change after we’ve committed scarce resources,” he said.

On the power sector, the Sahara Group GMD said the government had made progress in resolving longstanding financial obligations and boosting investor morale.

“We’ve seen movement on the payment of legacy debts, especially in the power sector. Once the government clears those debts, new investors will come in, and existing ones—like us—will deepen our investments. There’s life in the business again,” Adesina added.

He also spoke on Nigeria’s energy transition plans, saying the president’s push for gas-to-power and compressed natural gas (CNG) adoption was already yielding results.

He said, “CNG is now the order of the day—the President has made that a focal point. The carbon credit scheme is also expanding.”

Adesina concluded that the Tinubu administration had laid a strong foundation for long-term gains in the energy sector, even if short-term challenges persist.

“We’ve had a very complex situation, and while the road ahead won’t be easy in the short term, things will improve. The foundation has been laid. It’s being worked on and re-engineered to ensure that prosperity can truly be democratised and felt by the last man, at the last mile,” he concluded.