An energy law expert, Ayodele Oni, has called 4 new laws to create more incentives for investment in the "power value chain." He stated dat Nigeria needs a few new regulations on "renewable" and on other engineering standards, cabling, among others Oni, a senior member of d bar, spoke at d presentation of his new book on d power sector:
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"Nigerian Electric Power Sector: Policy, Law, Negotiation Strategy, Business." He said dat d problem with the energy sector, and the power subsector in particular, was not the dearth of laws, but the lack of enough action to attract private sector investments.
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He said, "if a sector of any economy is not profitable, private sector participants would not invest; and if the structure is not bankable, financiers such as banks would not provide finance to would-be investors. So, the problem, is not d inadequacy of laws, but the structure of d market, lack of bankability and poor pricing, including d insufficiency of gas, which is d fuel used by most power plants in Nigeria.