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ARTICLE · 06 NOVEMBER 2025

The Electricity Amendment Act 2024

Niji Oni & Co.
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The Electricity Act (Amendment) of 2024 (the "Amendment Act") was enacted on February 9, 2024, to address the development and environmental concerns of host communities...

NigeriaEnergy and Natural Resources
Adeniji Oni
Adeniji Oni
Ezinne Ogbonna
Ezinne Ogbonna
Ebunoluwa Adefolase
Ebunoluwa Adefolase

The Electricity Amendment Act 2024 is a significant piece of legislation aimed at reforming Nigeria's electricity sector. Key changes introduced by the Act include:

Increased role of state governments: Empowering states to generate, transmit, and distribute electricity within their territories.

Host community development fund: Allocating a portion of power generating companies' revenue for the development of host communities.

Enhanced regulatory framework: Strengthening the regulatory bodies to improve efficiency and accountability.

Private sector participation: Encouraging private investment in the power sector.

The Value Proposition

The Electricity Amendment Act is crucial for several reasons:

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