As we move deeper into 2026, the Power & Infrastructure Practice at OALP is pleased to present its Power Sector Wrap-Up Report, reflecting on key developments that shaped Nigeria’s electricity and power sector throughout 2025 and offering insights into the outlook for 2026.
2025 emerged as a transformative period for Nigeria’s power sector, marked by significant policy reforms under the Electricity Act framework, landmark debt resolution initiatives including major bond issuances, notable transactions in generation and distribution, and strategic projects advancing grid stability, renewable integration, and state-level electricity markets.
These developments have set the tone for emerging opportunities and trends that are already beginning to define the sector.
This wrap-up report highlights key industry trends, legislative and regulatory developments, influential judicial pronouncements, and major project milestones that have influenced power sector growth across Nigeria. It examines landmark developments in areas such as generation capacity expansion, transmission unbundling, distribution, renewable energy adoption, bilateral trading, waste-to-energy initiatives, and public-private sector collaborations driving sector expansion.
The report, which will be of interest to policymakers, investors, developers, generation companies, distribution licensees, and other industry stakeholders, also provides a forward-looking outlook for 2026. Drawing on the key regulatory, policy, financing, and project developments observed across Nigeria’s power sector over 2025, we highlight anticipated developments across the sector, whilst also examining the regulatory, financing, and institutional dynamics that are expected to influence project development, investment flows, and energy access improvements in 2026.
What the Power Wrap-Up covers
Our report reviews a busy year for Nigeria’s power sector. It opens with a monthly timeline and the key figures for 2025.
It also carries a dossier on national grid collapses and downtime. That section matters, because grid reliability shaped much of the sector’s performance across the year.
Legal, market and deal developments
The 2025 wrap-up runs across four areas. First, the key legal and regulatory developments of the year. Second, market developments spanning generation, transmission and distribution.
Third, a deal spotlight covering notable transactions. Finally, a case digest setting out the decisions that affected sector participants.
Alongside those, the report identifies the key challenges and sectoral constraints that continue to hold the industry back.
The outlook for 2026
The report closes with a forward view for 2026. It also carries commentary from market participants, rather than our perspective alone.
Consequently, readers get both an analytical review and a sense of how operators themselves read the year ahead.
Click the button below to read the publication.
