Investment opportunities in Nigeria's power sector

Investment opportunities in Nigeria's power sector, focusing on the decentralisation framework introduced by the Electricity Constitutional Amendment and the 2023 Electricity Act, and to attract investors into renewable energy generation, state-grid development, and modern transmission and distribution infrastructure. The Electricity Constitutional Amendment (2022) and Electricity Act (2023) grant Nigerian states the power to generate, transmit, and distribute electricity within their territories. States can now create their own electricity markets, establish regulatory bodies, and attract private capital without relying solely on federal structures. • Opportunity to establish solar parks, wind farms, mini-hydro stations, and waste-to-energy plants. State-level incentives, land availability, and reduced permitting complexity provide compelling localisation benefits. Tax holidays, VAT exemptions, and import duty waivers for renewable energy and grid equipment. Rapidly rising demand from households, SMEs, and industrial clusters. Nigeria’s decentralised power sector is at a turning point. States are unlocking new opportunities through legislation, infrastructure development, and private-sector partnerships.