By Seun Ibiyemi
Energy expert, Nick Agule, has described the newly signed Benue State Electricity Act as a transformative development that could reshape the state’s power sector by enabling an independent electricity market and attracting private sector investment.
Agule, in an analysis of the legislation, said the law gives Benue State the authority to establish its own electricity market and regulatory framework following the signing of the Electricity Bill into law by the state governor.
According to him, the new legal framework allows investors interested in generating, transmitting or distributing electricity within the state to obtain approvals directly from the state electricity regulator rather than relying solely on the national regulatory structure.
He explained that the development creates opportunities for private sector participation in power generation and distribution, enabling investors to supply electricity, bill consumers and earn returns on their investments under a state-regulated market.
The energy expert noted that the law also provides a platform for the development of state grids, mini-grids and other decentralised power solutions designed to address the specific energy needs of communities across the state.
He cited communities located far from major transmission infrastructure, such as Jato-Aka, as potential beneficiaries of dedicated mini-grid projects that could improve access to electricity and reduce dependence on the national grid.
Agule said the legislation marks a shift from a highly centralised electricity system to a more flexible and locally driven market where energy solutions can be tailored to the state’s development priorities.
“Benue can now design and manage its own power future by building an electricity system that reflects local realities and economic needs,” he stated.
He further described the electricity sector as a commercially viable industry capable of attracting significant private investment when supported by effective policies, regulations and incentives.
According to him, successful implementation of the Act could stimulate economic growth, create employment opportunities, improve electricity supply and reduce the cost of doing business in the state.
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Agule added that enhanced power availability could contribute to lower inflation, increased productivity and expanded government revenue.
He noted that additional revenues generated from a thriving electricity market could support investments in critical sectors such as education, healthcare, security, infrastructure and social welfare.
While commending the passage of the legislation as a major milestone, the energy expert stressed that its ultimate success would depend on effective implementation and the ability of stakeholders to translate its provisions into tangible outcomes for residents and businesses.
“The passage of the Electricity Act is a major step forward for Benue State. However, its true value will be determined not by its provisions on paper, but by the quality of its implementation,” he said.
