The Nigerian Electricity Regulatory Commission (NERC) has announced that electricity regulatory commissions in states have till July 2025 to fully take over the oversight function of their electricity markets.
The commission stated this in a public notice of transfer of regulatory oversight to kogi state government, sighted by BusinessDay.
So far, NERC has issued orders of transfer of oversight of the electricity market to 10 states, including Lagos, Enugu, Ondo, Ekiti, Kogi, Oyo, Imo, Edo, Niger and Ogun State, noting that โwhile some have fully taken charge, the others have up till July 2025 to fully take over the oversight in their respective states.
The Commission in a recent announcement confirmed the readiness of four states, including Enugu, Ekiti, Ondo and Imo to take over the generation, transmission and distribution of electricity in the state, as it concluded the transfer of regulatory oversight to the states. (Businessday)