FG and NASS Back Complementary Roles in Electricity Market

The Federal Government of Nigeria (FGN) and the National Assembly (NASS) have expressed their commitment to supporting complementary roles for electricity regulators within Nigeria's multi-tier electricity market. During a workshop held in Abuja on a Monday, Mr.

Rilwan Lanre Babalola, Special Adviser to the President on Power and Chairman of the Presidential Task Force on Power Sector Reset and Restoration, underscored the importance of a harmonized regulatory framework. He stated that the electricity sector is foundational for industrialization, economic competitiveness, and job creation.

Babalola emphasized that successful decentralization of the electricity market should not merely be measured by the number of states establishing electricity markets but by achieving a coherent, efficient, and bankable integrated electricity market. Senator Enyinnaya Abaribe, Chairman of the Senate Committee on Power, reiterated the committee's commitment to enabling laws that allow federal and state electricity regulators to perform complementary roles.

Chief Joseph Tegbe and Dr. Musiliu Oseni also stressed the necessity for harmonized regulatory operations in the Nigerian electricity market.