Energy Expert Raises Questions over NERC’s Spending, Seeks Probe
Peter Uzoho
An energy expert and Chief Executive Officer of New Hampshire Capital Limited, Mr. Odion Omonfoman has accused the Nigerian Electricity Regulatory Commission (NERC) of operating a “black-box” internal finance system despite mandating detailed transparency from electricity distribution companies (Discos) under the Electricity Act 2023.
He also called on the Minister of Power, Mr. Joseph Tegbe, to use his oversight role to direct the commission to upload corporate audited financial statements for 2023 and 2024, and previous years, onto its public website immediately.
In his opinion piece obtained by THISDAY, Omonfoman said NERC publishes meticulous quarterly and annual reports that show Discos’ billing efficiency, energy collection metrics, market remittance tracking, and Aggregate Technical, Commercial, and Collection (ATC&C) losses.
