Nigeria: Country Diagnostics Note and Policy Priorities
The Country Diagnostic Note and Policy Priorities document is developed to facilitate dialogue at the AEMP 2024. This policy dialogue is focused on providing policy recommendations for the power sector in Nigeria. Taking bearing from series of engagements and power sector roundtables, the discussion of issues that need to be addressed in the power sector have been summarized in the diagnostic note section of this document. Section two is a compilation of policy recommendations to address these issues highlighted in section one.
These policy recommendations have come out of an extensive engagement with power sector professionals, during a series of online technical sessions held over three days, April 15 – 17, 2024 to discuss policy options under the 6 themes of; (i) Sustained NESI recapitalization, (ii) Universal energy access and reliability, (iii) Wholesale electricity market, (iv) State electricity market, (v) Climate change, low carbon economy, and just energy transition, and (v) Human capital and national content development.
The draft priority policies document was used to implement the main event of the AEMP 2024 policy dialogue which took place May 16 – 17, 2024 in Abuja, Nigeria. The Honourable Minister of Power, who hosted the policy dialogue led the event towards decision-making around these recommended policies and this helped achieve the refinement of the policy recommendations. These refined policy recommendations are going to be put forward to the Federal Executive Council (FEC) for approval as part of the National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP) document for the power sector