Barouk Energy

Market context

Why Nigerian facilities are reassessing their energy supply

Fuel costs, grid reliability and regulation have all moved materially in 2026. Each change alters both the economics of a project and the route to its approval.

₦3,277
Average retail price of diesel per litre in May 2026, 86% higher than a year earlier. Prices have since eased but remain volatile. National Bureau of Statistics, Diesel Price Watch
31%
Average availability of grid generation plant reported for April 2026. NERC operational factsheet
10 April 2026
Mini-Grid Regulations 2026 published, revising permitting, reporting and grid-arrival provisions. NERC-R-001-2026
3 June 2026
Net Billing Regulations 2026 published, allowing solar installations of 50 kWp to 1.5 MWp to export surplus energy for bill credits. NERC-R-002-2026
16 states
Regulating their own electricity markets under the Electricity Act 2023. NERC

Proposals prepared by suppliers rarely account for all of these factors. An independent assessment establishes the baseline before capital is committed.

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Rooftop solar installation on a large industrial building
Rooftop solar installation, industrial facility. Photograph: Ben Issac / Unsplash