Nigeria: Power Sector Reform Act

This legislation enables private companies to participate in electricity generation, transmission, and distribution. It begins the restructuring of the sector and the privatization of the National Electric Power Authority.  It establishes the Nigerian Electricity Regulatory Commission (NERC) to monitor and regulate the power sector as it undergoes these changes.

Date Implemented: 2005

Status: In Force; Mandatory

Funding Information: World Bank agreed to provide $100 million to assist in Nigeria’s privatization efforts.  The Board approved a US$172 million International Development Association credit, some of which is allocated to go towards restructuring and privatization of the electricity sector.

References: EIA Country Analysis Brief: Nigeria, http://www.eia.doe.gov/emeu/cabs/nigeria.html;  http://www.nigeriafirst.org/article_4214.shtml