The World Bank Group is working closing with the Federal Government of Nigeria financially and working closely with the Government to ensure transparent, transformational, consultative, and sustainable power sector reform. The World Bank Group’s support is complemented by development partner programmes covering a number of critical PSRP components.
Power Africa, the U.S. government’s initiative to help improve access to electricity across the continent, is helping Nigeria to access innovative private sector financing that will provide clean, safe, affordable, and reliable electricity to market places, shopping centers, and industrial facilities across Nigeria.
The Nigerian Electricity Regulatory Commission is an independent body, established by the Electric Power Sector Reform Act of 2005 to undertake technical and economic regulation of the Nigerian Electricity Supply Industry. The Commission is to, among others license operators, determine operating codes and standards, establish customer rights and obligations and set cost-reflective industry tariffs. The Commission has its headquarters in Abuja and currently has six zonal offices in the country’s six geopolitical zones.
The Federal Ministry of Power is the policy-making arm of the Federal Government with the responsibility for the provision of power in the country. The Ministry in discharging this mandate is guided by the provisions of the National Electric Power Policy (NEPP) of 2001, the Electric Power Sector Reform (EPSR) Act of 2005, and the Roadmap for Power Sector Reform of August 2010.
The Federal Ministry of Finance, Budget, and National Planning is the government body that manages the finances of the Federal Government of Nigeria, including managing, controlling, and monitoring federal revenues and expenditures.