Opinion: Nigeria’s power liberalisation needs more cooperation

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Nigeria’s Electricity Act 2023 liberalised the power market, giving all 36 federal states control over their electricity sectors. But this has resulted in 36 separate markets, creating both opportunities and challenges, says Abdulwasiu Esuola in today’s opinion piece. Stronger federal state cooperation could unify policies, ease regulation and speed up project delivery.

• “Differing licensing requirements, technical codes, or rules related to competition and market power across States could increase compliance costs and administrative complexity,” says Mr Abdulwasiu.

• He is a Senior Associate at Duale, Ovia & Alex-Adedipe, a specialised Nigerian law firm providing relevant legal services. He has advised various energy companies and helped them secure funding.

Opinion