Electricity

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Over 40% of Nigerians now enjoy 20 hours of electricity —Power minister

“Moreover, the major achievement is the fact that today we generate over 5,500 megawatts of power, we transmit and distribute it, and over 40 per cent of customers today enjoy over 20 hours of regular power supply across the nation. You can see that there is a significant improvement between when we came in and now, which we intend to improve further”

State participation in the provision of electricity within state borders

By Peter Ogbobine The Electricity Act of 2023 (“Act”) marked a significant departure from the previous legislation governing Nigeria’s electricity sector, specifically the Electricity Power Sector Reform Act of 2005, “EPSRA”. The Act consolidated various statutes, including EPSRA, and introduced several key provisions related to regulatory framework, tariff regulation, market structure, consumer rights, investment incentives, and grid […]

Electricity: Stakeholders back NBET’s application for licence renewal

With its three-year operating licence due to expire on November 21, 2024, power sector stakeholders have backed the application of the Nigerian Electricity Bulk Trading Plc, NBET, for the renewal of its operating licence, saying the electricity market was not matured enough to carry on without the government’s owned bulk trader.

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