NERC inaugurates electricity regulators’ forum amid supply crisis

Date:

By Abubakar Yunusa

The Nigerian Electricity Regulatory Commission (NERC) has inaugurated a new forum aimed at enhancing coordination and effectiveness in electricity regulation across Nigeria.

The forum was inaugurated during the first quarter 2026 Regulatory Meeting with State Electricity Regulators (SERs) in Lagos.

This was disclosed in a statement shared on X by NERC on its official handle on Wednesday.

The development comes amid complaints of power outages in many parts of the country, as generation drops due to a persistent gas shortage.

The Forum of Nigerian Electricity Regulators (FONER) is expected to drive key regulatory objectives, including fostering dialogue between NERC and SERs, promoting harmonised approaches in tariff setting, market operations, and consumer protection, and supporting capacity building through peer learning.

READ MORE  Aiyedatiwa, deputy receive INEC's certificates of return, tasked on development of Ondo State

NERC Chairman, Dr Musiliu Oseni, described the initiative as a major step in Nigeria’s transition to a multi-level electricity market.

Inaugurating the Forum of Nigerian Electricity Regulators (FONER), Oseni emphasised the need for collaboration to prevent regulatory loopholes within the sector.

“We must work collaboratively to avoid regulatory arbitrage by operators. I charge all of us to carry out this mandate with the highest sense of responsibility.

“Pursuant to Section 230(9) of the Electricity Act 2023, I hereby declare the Forum of Nigerian Electricity Regulators duly inaugurated,” he said.

The forum will also serve as a consultative platform for electricity market reforms while advancing transparency, accountability, and national regulatory benchmarks.

READ MORE  FG opens portal for highway devt mgt initiative16 successful bidders

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Nigeria Secures Additional 10,000 Hajj Slots for 2027

Nigeria Secures Additional 10,000 Hajj Slots for 2027   The National...

Ngizim Community in Yobe Seeks Greater Political Inclusion, Backs Wali

From Muhammad Maitela, Damaturu   A delegation of Ngizim farmers, business...

NIIRA: Parliamentary group, CSO applaud NAICOM Commissioner over transparent implementation

*say insurance sector witnessing positive revolution A parliamentary group and...

BREAKING: Public Servants Begin 3-Day Warning Strike October 2 

BREAKING: Public Servants Begin 3-Day Warning Strike October 2  Public...