Nigeria's power sector would require US$100bn in 20 years
According to the Nigeria Electricity Supply Industry, NESI, the Nigerian power sector would require more than US$100bn of investments over the next 20 years to improve power supply and ensure 24 hours per day of electricity supply. More than US$10bn would be necessary in the next five years to reach "reasonable" standards in quality of supply and service.
The Nigerian Electricity Regulatory Commission (NERC) is currently preparing its Performance Improvement Plans (PIPs) 2020-2024, which will be followed by PIPs by electricity distribution companies. They will be a pillar of a planned tariff review and will be used by the NERC to ensure that distribution companies meet their commitments in terms of investments and supply performances, including loss reductions and Customer Service Improvement Plans.
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