Nigeria’s electricity market is full of contradictions.

A system designed for cost-reflective tariffs is operating in a reality where that’s politically difficult. Utilities are expected to deliver while struggling to stay financially viable. Customers have lost trust and are finding ways around the grid.

In this episode, Dr. Yusuf Ali (Vice Chairman, NERC) walks us through what it means to regulate inside that tension.

From market design to political economy, from tariffs to decentralisation, this is a candid look at the forces shaping the future of electricity in Nigeria.