The Nigerian Electricity Regulatory Commission (NERC) has called on electricity distribution companies (DisCos) to provide comprehensive descriptions of their assets and liabilities. This was announced during a workshop organized by the commission to enhance regulatory clarity and improve efficiency in Nigeria’s power sector.
Held on Wednesday, January 22, 2025, the workshop focused on developing methodologies for delineating DisCos’ assets and liabilities. It brought together stakeholders, including state regulatory bodies, DisCos, and industry experts, to discuss frameworks for a more structured electricity regulation approach.
Sanusi Garba, the NERC Chairman, emphasized the importance of transparency, particularly with ongoing reforms aimed at decentralizing electricity regulation. He highlighted that such disclosures are pivotal for equitable allocation in the evolving power sector.
During the event, panel discussions addressed ownership structures, valuation methods, financial obligations, and operational boundaries of DisCos. Attendees engaged in robust dialogues on best practices and challenges in implementing these frameworks.
Four states—Enugu, Ekiti, Ondo, and Imo—now enjoy full electricity regulatory oversight, while six more are on track for similar advancements. NERC reaffirmed its commitment to fostering a fair regulatory environment and ensuring future policy directions are well-informed by outcomes from such initiatives.
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