As electricity demand rises in Nigeria, the presidency has stated that the country needs to increase annual investment in the power sector to $12 billion through 2045 to achieve reliable electricity. This, it said, means the country is recording an annual power investment deficit of about $11 billion, as only $1 billion is currently being …
The Federal Government and the National Assembly have reaffirmed their commitment to supporting complementary roles for electricity regulators as Nigeria transitions to a multi-tier electricity market. At a workshop in Abuja on "Legal, Policy and Regulatory Harmonisation between Federal and State Institutions on the Decentralisation of the Nigerian Electricity Supply Industry (NESI)," top officials stressed …
The Nigerian Electricity Regulatory Commission (NERC) has announced the commencement of the Net Billing Regulations 2026, a new framework that will allow eligible electricity customers to generate their own renewable energy and sell surplus power back to the national grid. In a public notice issued on Wednesday, June 3, 2026, NERC said the regulations are …
The Nigerian Electricity Regulatory Commission (NERC) has issued a directive for the offer of special compensation to Band A Customers following widespread power outages that occurred in recent months. In a statement released on Wednesday, the Commission said the decision contained in Directive No. NERC/2026/002, was informed by the significant power generation shortages experienced across …
Nigeria’s electricity metering rate rose to 58.57 per cent in February 2026, up from 57.93 per cent recorded in January, according to the Nigerian Electricity Regulatory Commission (NERC). The improvement was attributed partly to the implementation of the World Bank-supported $500 million Distribution Sector Recovery Programme (DISREP), aimed at strengthening the country’s power distribution network …
The Transmission Company of Nigeria (TCN) has declared a force majeure on its Ikeja West–Osogbo 330kV transmission line following the collapse of a key tower during a severe rainstorm on Thursday, 16 April 2026. In a statement released on Sunday, April 19, signed by TCN General Manager Public Affairs, Ndidi Mbah, the company said the …
The Nigerian Electricity Regulatory Commission (NERC) has introduced two major regulatory changes aimed at reducing national grid inefficiency and accelerating rural electrification. The first order on Transmission Loss Factor sets strategic targets to cut transmission losses, while the second establishes a comprehensive framework to license and integrate mini-grids for boosting electricity supply in unserved and …
President Bola Tinubu has approved a ₦3.3 trillion payment plan to finally settle legacy debts in Nigeria's power sector. The payment plan approval was given under the Presidential Power Sector Financial Reforms Programme. A statement signed by the presidential spokesperson, Bayo Onanuga, on Sunday, April 5, described the approval as a “full and final settlement” …
The Nigerian Electricity Regulatory Commission (NERC) has issued a 45-day deadline to all privately-owned substations connected to the national grid, mandating them to obtain the necessary operating permits or face immediate disconnection and stringent penalties. The directive, contained in an order signed by the Vice Chairman, Musiliu Oseni and Commissioner, Legal, Licensing and Compliance, Dafe …
Despite widespread electricity shortages across Nigeria, neighbouring West African countries supplied with power from the national grid are owing the country millions of dollars in unpaid electricity bills. According to the Nigerian Electricity Regulatory Commission (NERC), Togo, Niger and Benin currently owe Nigeria $17.8 million (about ₦25 billion at the prevailing exchange rate) for electricity …
