The Nigerian government has announced that the regulatory authority of the energy supply industry will be transferred to ten states as of January 10, 2025.
The Nigerian Electricity Regulatory Commission, NERC, confirmed this in a statement posted on its official X account on Monday.
According to NERC, the transfer of regulatory oversight has been completed in four states: Enugu, Ekiti, Ondo, and Imo.
Meanwhile, for six states, namely Oyo, Edo, Kogi, Lagos, and Ogun, the transfer of oversight is in progress as of January 10, 2025.
“As of January 10, 2025, NERC has commenced the transfer of regulatory oversight to 10 states. Once the transfers are complete, the states will be in charge of regulating their electricity markets.
“The transfers have been completed for 4 states, namely Enugu, Ekiti, Ondo, and Imo, while 6 states are still in progress,” the Commission stated.
This means that Enugu, Ekiti, Ondo, and Imo states can fully regulate their electrical markets, including tariff fixing.
The development is consistent with the 2023 Electricity Act, which authorized the liberalisation of the country’s electricity sector.
