In response to persistent governance inefficiencies within the Nigerian Electricity Supply Industry (NESI), the Nigerian Electricity Regulatory Commission (NERC), on 30th May 2025 issued the Code of Corporate Governance for NESI 2025 (the Code). The Code provides the framework for exemplary governance, ethical conduct, and operational excellence of licensees in NESI. By promoting accountability, transparency, and sustainability, the Code seeks to restore confidence among investors, consumers, and other stakeholders. It also aims to enhance the sector’s ability to attract much–needed investments, improve service delivery and ultimately contribute to the nation’s economic growth. This initiative by NERC is part of the wider reform efforts under the Electricity Act 2023, aimed at deepening transparency, accountability, and investor confidence in the power sector.
NERC ISSUES CODE OF CORPORATE GOVERNANCE FOR THE NIGERIAN ELECTRICITY SUPPLY INDUSTRY (NESI)
