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[BUSINESS] · Nigeria · 2 sources

Nigeria's NERC expands state regulation and launches net‑billing scheme for renewables

The Nigerian Electricity Regulatory Commission (NERC) announced that electricity market regulation will be transferred to 16 states, a move presented by Chairman Musiliu Oseni at a Lagos seminar for high‑court judges. Oseni said the goal is to create a new era of multi‑level regulation and improve stakeholders’ understanding of the power sector.

In June, NERC also introduced Net Billing Regulations that allow eligible consumers to install renewable‑energy systems of 50 kW to 1.5 MW, connect to the grid with bidirectional smart meters, and receive credits for surplus electricity. Experts described the policy as "game‑changing" and "one of the most progressive" reforms, stating it could reduce tariffs, cut technical losses, boost renewable adoption, create thousands of jobs in local manufacturing, and support Nigeria’s decarbonisation goals.