NISO and NBET Collaborate to Enhance Nigeria's Electricity Market

The Nigerian Independent System Operator (NISO) and the Nigerian Bulk Electricity Trading Plc (NBET) are strengthening their collaboration to enhance the operations of Nigeria's electricity market. Engr. Abdu Bello Mohammed, Managing Director/Chief Executive Officer of NISO, emphasized the intertwined responsibilities of both agencies to create an efficient and attractive market for investors.

He stated that their primary objective is to ensure a stable and reliable power supply for Nigerians and expressed openness to collaboration with NBET and other stakeholders to address liquidity challenges in the sector. Mohammed acknowledged the historical synergy between NISO and NBET and stressed the importance of working together under the new leadership to achieve the goals set by the Electricity Act 2023 reforms.

Dr. Akinola Odeyemi, Managing Director of NBET, commended NISO's efforts and expressed his commitment to collaborating on market settlement, revenue alliance, and strategies to improve the electricity market.