GENERAL STRUCTURE AND OWNERSHIP OF THE POWER INDUSTRY
The Electric Power Sector Reform Act, 2005 (EPSRA or “the Act”) is the principal legislation governing the structure and ownership of entities in the Nigerian Electricity Supply Industry (NESI). The EPSRA was passed for the purpose of unbundling the existing vertically integrated and state-owned Nigerian Electricity Power Authority (NEPA), creating an independent regulator for the industry – the Nigerian Electricity Regulatory Commission (NERC) – and achieving market liberalisation.