Unpacking Nigeria’s Power Sector Investments: Are We on Track?
Dear Readers, In its “State of Africa’s Infrastructure Report 2025,” the Africa Finance Corporation (AFC) presents a stark outlook for the continent’s power sector, noting that electricity generation is growing at less than 2% annually, with only 6.5 gigawatts (GW) of utility-scale capacity added in 2024. This lags significantly behind other jurisdictions such as India, […]
2025 Mid-Year Report on the Nigerian Mining Sector
Introduction Following the close of 2024, when we reported bold steps towards sanitising and revitalising Nigeria’s mining sector, 2025 opened with even more determined activity. In our 2024 End-of-Year Report, we identified regulatory overhauls, strategic investments in lithium and gold, and a renewed focus on host community engagement. This mid-year report continues the narrative from […]
2025 Power Sector Mid-Year Report
INTRODUCTION The year 2024 marked a pivotal moment for Nigeria’s Power Sector. The Sector witnessed sweeping reforms aimed at repositioning it for growth and sustainability. Notably, eight Sates took decisive steps toward decentralised electricity regulation, exercising their authority under the Electricity Act to transition to State-level oversight. In parallel, the Federal Government eliminated subsidies on […]
Nigeria Tax Act, 2025: An Outlook of Income and Profit Taxation under the Nigeria Tax Act
Introduction On June 26th, 2025, President Bola-Ahmed Tinubu signed into law a suite of four tax reform statutes, including: a) The Nigeria Tax Act, 2025 (NTA), which repeals and codifies existing tax laws, and amends various fiscal provisions to establish a single comprehensive legal framework for taxation in Nigeria; b) The Nigeria Tax Administration Act, […]
The 2025 Nigeria Oil and Gas Industry Mid-Year Report and Future Projections
INTRODUCTION In our 2024 Mid-Year and End-of-Year Report, we highlighted key infrastructural development, emerging investments, and regulatory reforms in accelerating Nigeria’s energy transition, particularly following the Federal Government’s declaration of the Decade of Gas initiative. We tracked the progress of strategic projects, policy interventions, and state-run refinery rehabilitation efforts, while also highlighting projections for Nigeria’s […]
The National Integrated Electricity Policy 2024
INTRODUCTION Following the enactment of the Electricity Act 2023 and its amendment in 2024, the Nigerian Electricity Supply Industry (“NESI”) has witnessed steady progress in implementation. Key developments include the transition to State-level regulation, the incorporation of the Nigerian Independent System Operator (“NISO”), and the establishment of additional successor companies. To support these reforms and […]
Land Tenure System in Benin – Where Does the Mace Lie, the Governor or the Oba?
INTRODUCTION: The Nigerian legal system operates a dual land tenure system, where statutory and customary laws govern land ownership. Before the promulgation of the Land Use Act (“the Act”) in 1978, Nigeria’s land tenure system was primarily governed by customary laws that differed across ethnic communities. In Benin, land was held communally under Bini native […]
Project Finance in Nigeria: Leveraging Step-In Rights to Secure Lender Investments
INTRODUCTION Nigeria’s financial system is skewed towards short-term financing, making it difficult to obtain long-term funds for project and infrastructural development. Infrastructure includes development projects which may be financed by the government or by the private sector (or both) designed to support economic growth and improve essential services. Nigeria as an emerging market, faces significant challenge […]
The 50/50 Myth: Unpacking Settlement of Properties in Nigerian Matrimonial Causes
Introduction The dissolution of marriage often presents not only emotional and psychological challenges but also significant legal and financial complexities. One of the most contentious issues that arises during divorce proceedings is the question of property distribution between the parties. The division of matrimonial properties often sparks contentious debates about fairness, equity, and the contributions […]
Pit to Powerhouse: Will Nigeria Industrialise Its Mining Wealth?
Dear Readers, Nigeria is on the cusp of another defining moment in its industrial and economic evolution. Just weeks after news broke about the establishment of an electric vehicle (EV) factory, in partnership with China, the nation’s mining sector has registered another significant milestone, a landmark $400 million investment into what is set to become […]
