At least 15 Nigerian states are at various stages of developing operational electricity markets, marking a significant shift in the country's power sector landscape two years after the enactment of the Electricity Act 2023, BusinessDay’s findings have revealed.
The development represents a fundamental restructuring of Nigeria's electricity architecture, transitioning from a centralised federal system to a multi-tier market where states can build, regulate, and operate their own power infrastructure.
Adebayo Adelabu, minister of Power, con
