President Tinubu enacts Electricity Act 2023 to spur power sector development President Bola Ahmed Tinubu has wasted no time in taking action as he signs the Electricity Act 2023 into law, a mere ten days after his inauguration. This act will replace the outdated Electricity and Power Sector Reform Act from 2005 and aims to provide a comprehensive framework for the post-privatization phase of the Nigerian Electricity Supply Industry (NESI) while also encouraging private sector investments. The power sector in Nigeria has long been plagued by challenges, and this new law seeks...