A new report by PricewaterhouseCoopers says Nigeria’s electricity sector reforms require clearer regulations and stronger coordination between federal and state authorities to succeed. The report highlights growing challenges as the country transitions to a decentralised, multi-tier electricity market.
PwC warns that overlapping responsibilities between federal and state regulators could create uncertainty for investors, utilities and consumers if not properly defined. It says clear rules and transition frameworks are essential to ensure stability in the sector.
The report also identifies persistent structural issues, including liquidity constraints, legacy debt, metering gaps and ageing infrastructure, which continue to affect efficiency and service delivery.
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It adds that while reforms are ongoing under the Electricity Act 2023, improved governance, reliable data systems and coordinated policy implementation will be critical to achieving long-term improvements in Nigeria’s power sector.
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