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ARTICLE · 19 JUNE 2026

Power Sector Updates - No 5 - May 2026

Udo Udoma & Belo-Osagie
Udo Udoma & Belo-Osagie
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Udo Udoma & Belo-Osagie

Udo Udoma & Belo-Osagie

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This update highlights recent regulatory and market developments in Nigeria's power sector, including Lagos State's ongoing transition towards a cost-reflective electricity market and the key implications for electricity sector participants.

NigeriaEnergy and Natural Resources
Udo Udoma & Belo-Osagie
Udo Udoma & Belo-Osagie
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This update highlights recent regulatory and market developments in Nigeria's power sector, including Lagos State's ongoing transition towards a costreflective electricity market and the key implications for electricity sector participants. The update also captures recent regulatory interventions by the Nigerian Electricity Regulatory Commission ("NERC"), including the revised Health and Safety Code for the Nigerian Electricity Supply Industry and the revised Metering Code, both aimed at strengthening safety practices, metering compliance, and accountability across the electricity value chain.

These developments reflect the broader transition within Nigeria's electricity sector as states assume a more active role in regulating intrastate electricity markets and implementing reforms aimed at improving the financial sustainability and operational efficiency of the sector.

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