The Minister of Power, Bayo Adelabu, has tendered his resignation from the Federal Executive Council, signaling his intention to pursue the governorship seat in Oyo State.
His resignation, addressed to President Bola Ahmed Tinubu, will take effect from April 30, according to sources familiar with the development.
Adelabu, a former Deputy Governor of the Central Bank of Nigeria, is said to have taken the decision to fully concentrate on his political ambition ahead of the forthcoming governorship race in the state.
While details surrounding the resignation letter remain limited, insiders within the presidency indicate that the move is in line with constitutional and ethical considerations requiring public office holders to step down before actively engaging in partisan political contests.
Adelabu’s exit from the cabinet comes after his tenure overseeing Nigeria’s power sector, where he faced the daunting task of addressing persistent electricity supply challenges, improving generation and distribution, and driving reforms in the sector.
Political observers note that his entry into the governorship race is expected to reshape the political landscape in Oyo State, given his previous experience as the All Progressives Congress (APC) governorship candidate in the 2019 elections.
As of the time of filing this report, there has been no official statement from the Presidency regarding the acceptance of his resignation or the appointment of a successor.
However, sources suggest that consultations are ongoing within the administration of President Bola Ahmed Tinubu to ensure a seamless transition in the Ministry of Power.
Adelabu is expected to formally declare his governorship ambition in the coming weeks as political activities ahead of the election continue to gather momentum.
