28th March 2023
Nigeria Amends Constitution to Enable Electricity Decentralisation: Key Highlights for Investors and Stakeholders
The President of the Federal Republic of Nigeria – President Muhammadu Buhari – recently assented to a Bill for the amendment of the Constitution of the Federal Republic of Nigeria 1999 to empower States within the Federation to make laws with respect to the generation, transmission, and distribution of electricity in areas covered by the national grid system.
The implications of this constitutional amendment for investors and other stakeholders in the Nigerian Electricity Supply Industry can be far-reaching. This piece by Partner Desmond Ogba, and Associate Somechukwu Temple Ezebuike, highlights some of the legal, commercial, and practical implications that may arise if the States follow through with the implementation of the liberal reforms that this constitutional amendment portends for the electricity sector in Nigeria.
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