Nigeria Governors’ Forum to Standardize Electricity Tariffs

The Nigeria Governors’ Forum (NGF) is working on a uniform electricity tariff methodology to create consistent pricing across states, addressing issues arising from the decentralization of electricity regulation. Chijioke Chukwu, a representative of the NGF, announced this initiative at the Lagos Energy Summit.

The proposed framework aims to assist states in determining tariffs effectively and is expected to be completed by the first quarter of next year. Chukwu noted that the transition from a centralized regulatory structure to multiple state regulators has led to inconsistencies in tariffs and standards.

The NGF has also developed a model electricity law based on the Electricity Act to guide states in their regulatory frameworks, emphasizing that it is not for automatic adoption but can be adapted to individual state circumstances. Additionally, the NGF is creating guidelines for public-private partnerships and other instruments to support functional electricity markets.

Engr. Uzoma Achinanya from the Presidential Task Force on Power Sector Reset and Restoration highlighted the need for effective monitoring and enforcement of regulations to ensure discipline in the industry.