MUCH ADO ABOUT ELECTRICITY ACT, 2023
Nigeria's 2026 Electricity Bill reverses 2023 reforms, re-centralizing grid control under NERC as 16 states had just built independent markets. For infrastructure investors, this exposes governance volatility—sub-national autonomy won by states can flip, threatening long-term investment thesis.
Even before President Bola Ahmed Tinubu assented to the Electricity Act on 6 June 2023, the plot to strangle this cherished baby had begun...
The Electricity Act, 2023, is not an accident. It is the statutory expression of a deliberate constitutional shift. In 2019, a group of...