2025 End-Of-The-Year Report on the Nigerian Power Sector
Introduction The year 2025 has seen concerted efforts to enhance performance and strengthen investor confidence across all segments of the Power Sector value chain. As highlighted in our 2025 Mid-Year Report on the Nigerian Power Sector (“2025 Mid-Year Report”), several key regulatory instruments were introduced to improve grid stability, governance, operational discipline and market […]
Corporate Governance Code for the NESI: Implications for Power Sector Licensees
INTRODUCTION Pursuant to Sections 34 and 226(1) of the Electricity Act 2023 (the “Act”), the Nigerian Electricity Regulatory Commission (“NERC”) published the Code of Corporate Governance for the Nigerian Electricity Supply Industry (the “Code”) on May 30, 2025. The aim of the Code is to promote accountability and transparency of Licensees within the Nigerian Electricity […]
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 […]
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 […]
NERC’s Order on the Delineation of Discos’ Assets and Liabilities
Introduction Nigeria’s Power Sector is undergoing a significant transition following the 2023 constitutional amendment and the enactment of the Electricity Act 2023 (the “Act”), which together enable a two-tier regulatory framework; Federal and State-level regulation. Under the newly introduced framework, a State seeking to assume regulatory control over electricity activities within its territory must enact […]
Power Sector Industry Overview 2024
Introduction The year 2024 was transformative for the Nigerian Power Sector, marked by several significant developments including the handover of the 700MW Zungeru hydropower plant, the successful implementation of Service-Based Tariff and the removal of the electricity subsidy for Band-A consumers, the initiation of the transition to State-level regulation, among other milestones. This 2025 Power […]
Energy Transition in Nigeria and ESG (Part 1): Nigeria’s International Commitment
In the global pursuit for a sustainable future, the international community has adopted a multifaceted approach, of which Energy Transition occupies a pivotal position, in addressing the stark realities of climate change. In the absence of careful and strategic economic restructuring, the implications of Energy Transition for a country such as Nigeria, heavily dependent on […]
Highlights of NERC’s Customer Protection Regulations 2023
Since the enactment of the Electric Power Sector Reform Act (EPSRA) in 2005 and the establishment of the Nigerian Electricity Regulatory Commission (“NERC” or the “Commission”), the Commission has published multiple regulations, codes, standards and rules cutting across various aspects of the Nigerian Electricity Supply Industry (“NESI”) in a bid to promote a viable electricity […]
Power Sector Regulation in Nigeria: The Validity of the Lagos State Electricity Policy 2021 in the Context of Recent Legal Developments
Nigeria’s persistent inability to meet energy demand remains paradoxical, given the nation’s abundant endowment of natural and mineral resources scattered across its 6 geo-political zones. The Electric Power Sector Reform Act (EPSRA) of 2005, born out of significant deterioration of the power sector under government monopoly, was envisioned as a gateway to privatizing the power […]
A Brief Analysis of Tariff Reviews in the Nigeria Electricity Supply Industry (NESI)
Recently, the 11 Discos in Nigeria filed an application for rate review with Nigeria Electricity Regulatory Commission (NERC), premised on the need to incorporate changes in macroeconomic parameters and other factors affecting the quality of service, operations, and sustainability of the companies. Following this, NERC invited interested stakeholders for comments on the rate review application. […]
