Nigeria: Renewables

Nigeria’s electricity sector has remained the subject of persistent debate, reform efforts, and unfulfilled promises. Successive administrations since the 1990s have pledged comprehensive transformation of the industry. While some achieved limited structural reforms, many produced little beyond policy papers and committees. The consequence has been a power sector that continues to underperform, with Nigeria generating less electricity per capita than several of its African counterparts.

Nigeria's power sector faces critical gas supply challenges despite vast reserves, with Generation Companies struggling under mounting debts, uncompetitive pricing, and persistent infrastructure issues.

This update provides an overview of some recent regulatory and market developments in Nigeria’s power sector, including the decentralisation of regulatory oversight to state regulators, emerging and proposed frameworks for distributed generation and interconnected mini-grids, developments under the Nigerian Bulk Electricity Trading Plc (“NBET”) bond programme, and ongoing metering interventions.

Shell Plc plans to invest up to $20 billion in the Bonga South West deepwater project following a meeting between Shell's Chief Executive Officer...

This Stakeholders' Report outlines key regulatory changes relevant to Oil & Gas Companies covering the period from January 2025 to December 2025.

This Stakeholders' Report outlines key regulatory and policy developments relevant to Power and Renewable Energy Companies covering the period from January 2025 to December 2025.

The Nigerian renewable energy market analysis reveals significant expansion plans for both solar and wind power sectors, driven by favorable policies and decreasing technology costs.

Sustainable business practices Nigeria companies adopt often deliver cost savings that exceed initial implementation investments.

Climate change poses a significant global challenge, with profound consequences for economies, ecosystems, and human life. Nigeria, one of Africa's largest oil producers, faces a unique challenge which is transitioning to a low-carbon economy while ensuring economic stability and access to energy.