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NIGERIA POWER SECTOR
Lagos State Government is set to review private investment opportunities and private-sector participation in its electricity market in November as it assesses developments under the state’s 2024 electricity law.
The Federal Government installed 707,765 electricity meters across Nigeria in the first half of 2026, representing a 71% increase from the 412,792 meters installed in the corresponding period of 2025.
The Federal Government’s electricity subsidy obligation fell by N37.06 billion to N321.26 billion in the second quarter of 2026.
The Federal Government is advancing plans to establish Energy Zones in Nigeria’s highest-demand areas as part of efforts to deliver stable, 24-hour electricity to homes, businesses and industries.
Nigeria’s electricity distribution companies (DisCos) recorded N201.90 billion in billing losses in the second quarter of 2026 as their combined billing efficiency fell to 78.67%.
The presidential candidate of the Labour Party, Peter Obi, has said that he plans to declare war on the power sector if elected into office as the country’s president in the upcoming general election.
Government should not be given free money. N1.8 trillion has been given to DISCOs maybe in their books.
Anyone living in Nigeria can testify that insufficient electricity production/distribution is the biggest infrastructural challenge facing the country.