As we move deeper into 2026, the Power & Infrastructure Practice at OALP is pleased to present its Power Sector Wrap-Up Report, reflecting on key developments that shaped Nigeria’s electricity and power sector throughout 2025 and offering insights into the outlook for 2026.
2025 emerged as a transformative period for Nigeria’s power sector, marked by significant policy reforms under the Electricity Act framework, landmark debt resolution initiatives including major bond issuances, notable transactions in generation and distribution, and strategic projects advancing grid stability, renewable integration, and state-level electricity markets.
These developments have set the tone for emerging opportunities and trends that are already beginning to define the sector.
This wrap-up report highlights key industry trends, legislative and regulatory developments, influential judicial pronouncements, and major project milestones that have influenced power sector growth across Nigeria. It examines landmark developments in areas such as generation capacity expansion, transmission unbundling, distribution, renewable energy adoption, bilateral trading, waste-to-energy initiatives, and public-private sector collaborations driving sector expansion.
The report, which will be of interest to policymakers, investors, developers, generation companies, distribution licensees, and other industry stakeholders, also provides a forward-looking outlook for 2026. Drawing on the key regulatory, policy, financing, and project developments observed across Nigeria’s power sector over 2025, we highlight anticipated developments across the sector, whilst also examining the regulatory, financing, and institutional dynamics that are expected to influence project development, investment flows, and energy access improvements in 2026.
