Is this Nigeria’s energy turning point?
NIGERIA'S new energy bill, which updates the Electric Power Sector Reform Act of 2005, crucially encourages greater private sector involvement in power generation. Over 70% of Nigeria's current energy originates from non-renewable sources, and nearly 100 million citizens lack access to power. The new law promises to counter both trends. According to Ivie Ehanmo, an energy law expert, the law consolidates all laws relating to energy supply, streamlining the industry and promoting the growth of a competitive power market. "Under a competitive electricity market, customers are able to exercise control over the choice of their electricity provider and their respective…
