NIGERIA ELECTRIC POWER POLICY

A Policy guides the development of Nigeria's electricity sector, focusing on generation, transmission, and distribution. It targets investors, power companies, and consumers to promote reliable electricity access. This achieves universal and affordable power supply through grid expansion and renewable energy.

What Is This Policy?

Nigeria's overarching policy framework for the development of the electricity sector, setting out the principles, objectives, and regulatory approach for power generation, transmission, distribution, and access.

Who Does It Target?

Electricity investors and power developers Distribution and generation companies The Nigerian Electricity Regulatory Commission (NERC) All electricity consumers

What Does It Aim to Achieve?

Achieve universal access to reliable and affordable electricity in Nigeria through a combination of grid expansion, off-grid solutions, renewable energy development, and private sector investment.

Key Features

Market Development: Establishes the transition from a regulated utility to a competitive electricity market. Rural Electrification: Commits to universal electricity access through on-grid extension and off-grid solutions. Renewable Energy: Promotes renewable energy development as a key source of new generation capacity. Regulatory Independence: Confirms NERC's independence as the sector regulator with mandate to protect consumers and investors.

Current Status

Rollout Stage: Active Coverage: Nationwide electricity sector Beneficiaries: All Nigerians through improved electricity access Funding: Government; private investment; international climate finance

How to Access

Investors must comply with NERC licensing requirements Electricity consumers may engage NERC for consumer protection Application method: Engage NERC and the Federal Ministry of Power for sector participation.

Official Resources

Website: https://www.nerc.gov.ng Contact: Nigerian Electricity Regulatory Commission (NERC) / Federal Ministry of Power

Legal Framework

Operates under the Electric Power Sector Reform Act 2005, the Energy Commission of Nigeria Act 2004, the Nigerian Electricity Regulatory Commission Act, and the National Electric Power Authority (Dissolution and Transfer) Act. Draws on the Electricity Act 2023 (successor legislation) and the ECOWAS Energy Policy.