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ARTICLE · 04 SEPTEMBER 2026

Power Sector Updates - August 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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Nigeria's power sector experienced significant regulatory and industry developments in August 2026, including NERC's intervention in Kaduna Electricity Distribution Plc, the transfer of regulatory oversight to state commissions, and the launch of a Renewable Asset Management Company. These developments demonstrate the continuing implementation of Nigeria's decentralised electricity market framework and increased regulatory intervention in distressed distribution businesses.

NigeriaStrategy
Udo Udoma & Belo-Osagie
Udo Udoma & Belo-Osagie
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INTRODUCTION

This update highlights key regulatory and industry developments in Nigeria’s power sector during August 2026, including NERC’s intervention in Kaduna Electricity Distribution Plc and commencement of a process for the appointment of a new core investor; the transfer of regulatory oversight of the Akwa Ibom electricity market to the Akwa Ibom State Electricity Regulatory Commission; the default by Geregu Power Plc on its ₦40.09 billion Series 1 Senior Unsecured Bond; the licensing of the Lagos Independent System Operator by the Lagos State Electricity Regulatory Commission; and the launch of the Renewable Asset Management Company by the Rural Electrification Agency in partnership with the Ministry of Finance Incorporated and the Infrastructure Corporation of Nigeria.

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