The Nigerian Electricity Regulatory Commission (NERC) has said the recently assented Electricity Act 2023 by President Bola Tinubu is a significant
“There is a need to provide further clarity and delineation of roles and responsibilities between the federal and state regulatory jurisdictions. The clarification shall assist in avoiding conflicts, overlaps, and regulatory uncertainty that may hinder the smooth functioning of the power sector with a consequential adverse impact on investors’ confidence.
NERC maintained that an orderly transition process was required to minimise disruption and shock to market participants and consumers. “In pursuit of bringing to effect the laudable provisions of the electricity industry laws and to facilitate a smooth transition, the commission has scheduled a stakeholders workshop to hold in July, with key stakeholders including market participants, state government representatives, and other key interested parties.
President Tinubu, on June 10, assented to the electricity bill, which authorises states, companies, and individuals to generate, transmit and distribute electricity.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newspaper Headlines: Households under pressure as new electricity tariff due July 1 | TheCableReports on the removal of saving and withdrawal limits on domiciliary accounts dominated the cover pages of Nigerian newspapers.
Read more »
Customer drags Ikeja Electric to NERC over billsThe most widely read newspaper in Nigeria
Read more »
Electricity tariff increase, 7.5 per cent VAT on petrol unsettles NigeriansFor many Nigerians, the first 22 days of President Bola Ahmed Tinubu's administration have been 'bitter-sweet.' His quick-fire decisions, hailed by many
Read more »
Unpaid electricity bills: Our customers in Kwara are owing us N50bn, says IBEDC | TheCableThe Ibadan Electricity Distribution Company (IBEDC) says it is owed over N50 billion in outstanding electricity bills by consumers in Kwara.
Read more »
Economist seeks amendment to Students Loans ActPresident Tinubu recently signed into law a bill establishing a Students Loan Fund.
Read more »
Data Protection Act: Banks, telcos to lose 2% revenue for breaches - NDPC CEO OlatunjiThe National Commissioner and CEO of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, has said that commercial banks,
Read more »