Repeals the 2005 EPSRA. Devolves electricity regulation to states — ends the federal monopoly that had existed since independence.
The Electricity Act 2023 is the most consequential reform of the Nigerian power sector since unbundling in 2005. It repeals the Electric Power Sector Reform Act 2005 and devolves regulatory authority to state governments. States can now legislate, generate, transmit and distribute electricity within their borders. The Act also explicitly permits embedded generation, captive power above 1MW without licence, and simplifies mini-grid licensing for off-grid solar.