Section 166 Electricity Act 2023

Section 166 of the Electricity Act 2023 is about Renewable Energy incentives and standards. It is under Part XVII (Renewable Energy and Energy Efficiency) of the Act.

(1) From the commencement of this Act, the Federal Ministry responsible for Finance shall introduce such tax incentives as are necessary to promote and facilitate the generation and consumption of energy from renewable energy sources and in accordance with the provisions of the Industrial Development (Income Tax Relief) Act or such other fiscal policy framework foster such tax reliefs that would incentivise implementation of renewable energy projects in Nigeria.