Electricity Act 2023
The comprehensive legislation governing the power sector value chain.
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Nigeria's energy sector is undergoing a major transformation under the Petroleum Industry Act (PIA) and the Electricity Act 2023. Browse the core legal frameworks, technical guidelines, and fiscal policies that govern investment across the value chain.
The comprehensive legislation governing the power sector value chain.
Fundamental reform of the oil & gas regulatory and fiscal framework.
Framework for achieving Nigeria's green energy mix targets by 2030.
Rules for developing and operating isolated and interconnected mini-grids.
Tax holidays and fiscal incentives for qualifying energy investments.
Local workforce and procurement requirements across the value chain.
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Nigerian Investment Promotion Commission: Central hub for cross-border investments.
Visit Website open_in_newRural Electrification Agency: Responsible for off-grid and renewable power deployments.
Visit Website open_in_newNigerian Electricity Regulatory Commission: Primary regulator for the power sector.
Visit Website open_in_newOnboard your entity and verify credentials via OSIP secure KYC.
Enlist with NIPC to qualify for foreign investment protections.
Submit bids for active licensing rounds or specific concessions.
Streamlined inter- agency sign-off and permit issuance.
Financial close and physical deployment with OSIP monitoring.
Standard NERC generation license applications typically take 4-6 months from the submission of a complete dossier, including the public hearing phase.
Under the NIPC Act, 100% foreign ownership is permitted in most energy sectors, provided the company is duly registered with the CAC.
Nigeria mandates specific levels of local workforce and technical service procurement under the NOGICD Act (for O&G) and power sector guidelines.