Nigeria: Tax issues of electricity industry | KPMG Global
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Nigeria: Tax issues of electricity industry

Nigeria: Tax issues of electricity industry

The electricity industry in Nigeria currently is challenged by several operational, financial, and tax issues.


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The Electric Power Sector Reform Act, 2005 signaled the beginning of a new phase in Nigeria’s electricity industry. A key feature of the reform was the unbundling of the national utility company, Power Holding Company of Nigeria Limited, into 18 “successor companies” made up of six power generating companies, one transmission company, and 11 distribution companies. This was followed by the partial privatization of the industry in November 2013 with the transfer of the majority stakes held by the federal government in the power generating companies and distribution companies to private owners. 

Meetings with the tax authorities have been intended to review some of the peculiar issues faced by the industry and their tax implications. 


Read a July 2017 report [PDF 610 KB] prepared by the KPMG member firm in Nigeria

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