Newsletter, Oil & Gas

Nigeria’s Renewable Energy Potential: A Closer Look at the Nigerian Electricity Act 2023

On the 8th of June 2023, the Electricity Act was signed into law by the President of the Federal Republic of Nigeria. The Act in addition to other provisions, revoked and repealed the Electricity Power Sector Reform Act (EPSRA) 2005. The new Act aims to establish a thorough legal and institutional structure for the Nigeria Electricity Supply Industry (NESI), covering aspects such as electricity generation, transmission, system operation, distribution, supply, and trading, as well as promoting the integration of Renewable Energy (RE) into Nigeria’s energy mix.

The Electricity Act harmonises the laws regulating the NESI and comprehensively addresses the post-privatisation challenges following the enactment of the EPSRA. This article explores some of the key highlights of the Electricity Act, and its far-reaching implications on RE investment.

Major Highlights in the Nigerian Electricity Act 2023
The Act heralds several novel and notable innovations that are capable of transforming Nigeria’s electricity value chain and attracting the much-needed investment that will culminate in solving Nigeria’s electricity access deficit…

To read the full article, kindly download the PDF

Practice Key Contacts

More To Read

18/04/2024
The Mini-grid Regulations 2023: Addressing Stakeholders’ Concerns

Towards achieving vision 30:30:30 through the increased penetration of mini-grids in Nigeria, the Nigerian Electricity Regulatory Commission (NERC or the “Commission”) published a consultation paper in

01/02/2024
Dispute Resolution Newsletter – 2024

Dispute is almost inevitable in every human relation. It is in recognition of this that modern societies have established systems of dispute resolution and evolved