By Nkechi Eze
The implementation of Nigeria’s electricity sector reforms has come under fresh discussion as the Nigerian Independent System Operator (NISO) joined key industry stakeholders in Abuja to examine opportunities for expanding electricity markets, attracting investment and improving power supply under the Electricity Act 2023.
The discussions took place on Wednesday at the National Workshop on the Electricity Act 2023, organised by the Office of the Vice President in collaboration with AllStates Management Partners Solutions Limited at the State House Banquet Hall, Presidential Villa, Abuja.
NISO’s delegation was led by its Managing Director/Chief Executive Officer, Engr. Abdu Bello Mohammed, FNSE. Other members included the Company Secretary and General Manager, Legal, Barr. Bashir Ahmed, and the Assistant General Manager, Legal, Hajiya Maryam Gabdo Malabu.
The two-day workshop brought together stakeholders in the Nigerian Electricity Supply Industry to assess the implications of the Act and examine practical approaches to developing Nigeria’s emerging multi-level electricity market.
Discussions centred on the opportunities created by the legislation for state governments to establish and regulate electricity markets within their jurisdictions, attract private investment and develop solutions tailored to local power supply needs.
Participants also examined the challenges associated with implementing the reforms, including the need for effective coordination among stakeholders and the development of sustainable electricity markets across the country.
Panel discussions featuring industry experts and other stakeholders provided a platform to evaluate progress in implementing the Electricity Act, address emerging concerns and explore strategies for translating its provisions into improved electricity access and service delivery.
NISO’s participation underscored the importance of stakeholder engagement in navigating the evolving electricity market structure and strengthening the institutional coordination required to support reforms in Nigeria’s power sector.
The workshop is expected to contribute to a broader understanding of the Act’s provisions and identify practical pathways for advancing electricity market development at both state and national levels.
