In a bid to ensure the myriads of bureaucracies surrounding the power sector gets resolved, thereby leading to improved power supply across the country, President Tinubu, on assumption of office, signed the Electricity Act 2023 into law.

The Act aims to liberalize Nigeria’s electricity generation, transmission, and distribution at the National level, empowering States, companies and individuals to generate, transmit and distribute electricity.

Under the Act, States can issue licenses to private investors who may operate mini-grids and power plants within their territory.

This has been described by many as a game-changing approach to Nigeria’s epileptic power supply as many stated have now keyed into the various opportunities provided by the act.
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