Sector
Power & Energy
Generation, transmission, distribution and emerging renewables; NBET liquidity remains the binding sector constraint.
5 sub-sectorsBearishRisk: High
Market size
₦9.2T
YoY growth
+3.4%
Forecast (12m)
+6.8%
EBITDA margin
11.2%
Sentiment score
-34
Risk score
78/100
Sector summary
Generation, transmission, distribution and emerging renewables; NBET liquidity remains the binding sector constraint.
Key drivers
- ●Cost-reflective tariff Band A
- ●Renewables build-out
- ●Eligible customer regime
Top risks
- ●NBET settlement shortfalls
- ●Gas supply for GenCos
- ●FX for parts & financing