The Nigerian Electricity Regulatory Commission (NERC) has urged investors to take advantage of existing regulatory frameworks to finance large-scale electricity projects and improve power supply across Nigeria.
The commission said the electricity sector offers opportunities for bankable and sustainable investments, with regulatory measures in place to facilitate transactions and attract private capital.
NERC disclosed this in a statement posted on its X handle on Thursday, October 29, following discussions at the 32nd Nigerian Economic Summit held in Abuja on Tuesday, October 27, 2026.
Speaking during an interactive panel session themed “Power Growth: Reliable Electricity for Industry and Prosperity,” the commission’s chairman, Dr Musiliu Oseni, was represented by its Director of Economic Regulation, Mr Abba Terab.
Terab highlighted the regulatory measures available to investors seeking to participate in the electricity market, stressing their potential to support sustainable business ventures and expand electricity supply.
The commission stated that it had established regulatory instruments to make electricity transactions more viable and encourage private sector participation.
It added that the Federal Government was pursuing its Vision 30:30:30 target through continued liberalisation of the power sector under the Electricity Act and supporting regulations issued by NERC.
The commission identified decentralised electricity supply models, including embedded generation, as important strategies for expanding access to reliable electricity.
READ ALSO: NERC: Nigerians Can Now Sell Excess Solar Power To Grid
Embedded generation allows electricity to be produced closer to where it is consumed, potentially reducing dependence on the conventional grid and helping businesses and communities meet their power needs.
The panel also examined regulatory and infrastructure measures that could improve electricity access and strengthen the market.
The Managing Director of Abuja Electricity Distribution Company, Chijioke Okwuokenye, highlighted the role of regulation in promoting embedded generation and net billing arrangements to accelerate access to renewable energy.
Net billing allows electricity customers who generate power, such as through solar installations, to receive credits or payments for surplus electricity supplied to the grid, subject to the applicable regulatory framework.
Meanwhile, the Managing Director of Elektron, Deen Solebo, pointed to government efforts to strengthen gas-to-power infrastructure, enabling medium-scale power plants to serve specific locations and groups of customers more efficiently.
The Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, stressed the need for a commercially viable electricity market in which customers receive reliable power and pay for the electricity supplied.
The discussion was moderated by Jumoke Delano, Managing Consultant at Competence Builders International.
The annual summit was organised by the Nigerian Economic Summit Group to advance economic reforms aimed at building an open, inclusive and sustainable economy driven by a globally competitive private sector.
NERC’s appeal comes amid persistent concerns over electricity reliability and the cost of power for households and businesses.
Attracting more private investment, alongside effective regulation and improvements to generation and distribution infrastructure, remains critical to expanding dependable electricity supply across the country.