Investment Guide for the Electricity Sector in Nigeria 2024

The recent amendment to Item 14 of the Concurrent Legislative List in Nigeria’s 1999 Constitution now allows states to regulate their electricity sectors. Along with the new Electricity Act 2023, this has transformed the Nigerian Electricity Supply Industry (NESI). This guide shows how these changes affect electricity generation, including renewable energy, transmission, distribution, trading, and supply.

These updates are expected to draw more investments throughout the electricity value chain, benefiting both federal and state markets. For this to happen, Nigeria’s legal, business, political, and investment environments must remain stable and attractive to local and foreign investors. Read this comprehensive guide for details.


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