Towards an effective transition to a multi-tier Nigerian Electricity Market, the Federal Government of Nigeria (FGN) and the National Assembly (NASS) have reiterated their commitments to supporting the complementary roles of electricity regulators.
Top officials of the government and lawmakers made their positions known at a workshop in Abuja on ‘Legal, Policy and Regulatory Harmonisation between Federal and State Institutions on the Decentralisation of the Nigerian Electricity Supply Industry (NESI)’.
In his remarks, the Special Adviser to the President on Power and Chairman of the Presidential Task Force on Power Sector Reset and Restoration, Rilwan Lanre Babalola, described electricity as the foundation for industrialisation, economic competitiveness, job creation and national prosperity.
He tasked participants to embrace the transition as partners working towards one Nigerian electricity market, rather than institutions protecting separate jurisdictions.
“Every major reform creates new opportunities. It also creates new interfaces. As Federal and State institutions assume their respective responsibilities, questions will naturally arise regarding regulatory boundaries, market oversight, technical standards and commercial arrangements. That is not a weakness of the reform. It is the natural consequence of institutional evolution.
