The Electricity Act promises more power, private investment, and state empowerment.
Nigeria’s 65th Independence Day also marks a turning point in the power sector, as stakeholders celebrate the transformative Electricity Act. The Act liberalizes power generation and distribution, empowering states to regulate electricity and encouraging private sector growth, boosting stability and affordability. Industry leaders commend initiatives like Presidential and Mass Metering Programs closing revenue gaps. Calls are made for more local manufacture of meters to create jobs and strengthen the economy. Meanwhile, oil and gas reforms drive production and security, though challenges like subsidy resistance and power supply remain. Experts urge continued collaboration, digitalization, and a balanced transition to renewables to build a sustainable, investor-friendly energy future.
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