Energy Transition in Nigeria and ESG (Part 1): Nigeria’s International Commitment

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. […]

NERC Issues Order on the Transitional Accounting Treatment of Tariff Related Liabilities in the NESI as Part of Implementation of the PSRP

The Power Sector Recovery Program (PSRP) which was approved by the Federal Executive Council on the 22nd of March 2017 has as its program scope, the de-risking of the power sector for private investment through a comprehensive package of financial, operational, governance, and policy interventions. According to the PSRP, between February 2015 and December 2016, […]