The Nigerian Electricity Regulatory Commission (NERC) has called on electricity distribution companies (DisCos) to develop a framework for identifying assets and liabilities to improve regulation. This announcement was made on the regulator’s official X (Twitter) page on Wednesday.
NERC Chairman, Sanusi Garba, emphasized the importance of a transparent and structured approach to asset and liability delineation, especially as reforms aimed at decentralizing electricity regulation continue.
He stressed that a harmonized methodology, involving collaboration between NERC, state regulatory bodies, and DisCos, is essential for the fair allocation of assets and liabilities, which would contribute to a more efficient electricity market.
This initiative is part of NERC’s broader commitment to enhancing transparency, regulatory clarity, and operational efficiency in the electricity sector. The workshop also included two key panel discussions focused on actionable strategies and insights.
NERC reiterated its dedication to fostering a fair and effective regulatory environment and assured stakeholders that the outcomes from the workshop would help shape future policy decisions and implementation strategies, ultimately supporting the growth and stability of Nigeria’s power sector.
