FG to develop national electricity policy coordination framework – Minister

The Ministry of Power says it is processing a National Electricity Policy Coordination Framework to align Federal and State Government actions and fortify investors’ assurance successful the powerfulness sector.

The Minister of Power, Mr Adebayo Adelabu, disclosed this astatine the 20th Anniversary of the Nigerian Electricity Regulatory Commission (NERC) held successful Abuja connected Thursday, with the taxable “Strengthening Power Sector Governance for a Sustainable Future.”

Adelabu, who was represented by Mr Mustapha Babaumara, Director of Distribution astatine the Ministry of Power, said the national government’s imaginativeness for the assemblage was anchored connected the rule of cooperative federalism.

According to him, the extremity is to guarantee that some tiers of authorities enactment harmoniously for the communal bully and sustainable improvement of Nigeria’s energy industry.

“To this end, we are processing a National Electricity Policy Coordination Framework to guarantee consistency and regulatory clarity align with  federal  and authorities actions,   enactment states successful establishing caller regulators to fortify capitalist assurance done policy.

“While states make their markets, we indispensable enactment collaboratively to guarantee a grade of standardisation and interoperability.

“The National Integrated Electricity Policy and Strategic Implementation Plan (NIEPSIP) of the Federal Government, done the Ministry of Power, provides a readying model to fortify the narration betwixt the national and the states’ energy markets.

“ It besides promotes a collaborative yet decentralised attack to vigor absorption and resources, ‘’he said.

The minister, however, said that NERC’s ongoing efforts to coordinate with authorities regulators, arsenic seen successful the peer-learning sessions with states and the transportation of oversight to them, were exemplary and captious for nationalist cohesion.

“ As NERC marks 2 decades of service, we observe an instauration that has embodied professionalism, resilience, and vision.

“Let this day animate a renewed committedness to collaboration betwixt the national and authorities governments, betwixt regulators and operators, betwixt nationalist institutions and backstage investors.

“This milestone offers a important infinitesimal for reflection and forward-thinking arsenic we navigate the evolving scenery of our powerfulness sector.

“Together, we tin physique a powerfulness assemblage that genuinely lights up Nigeria –prosperity,  powering industries, energising communities and driving nationalist attention,” helium said.

Also speaking, the erstwhile President of the African Development Bank (AfDB), Dr Akinwumi Adesina, said that Nigerians themselves held the cardinal to solving the country’s energy challenges.

Adesina, who was represented by Mr Kola Adesina, Group Managing Director of Sahara Power Group, truthful called connected those successful enactment positions to support and enactment section investors.

According to him, foundation indispensable statesman astatine home.

“If we dainty our ain with levity and dignify foreigners, we are lone destroying ourselves and our future,” helium said.

Adesina further noted that astir states lacked the fiscal capableness to make energy infrastructure.

He added that determination was a request to reappraisal definite sections of the 2023 Electricity Act to guarantee a much resilient powerfulness assemblage susceptible of attracting the indispensable investments

”Today, the Electricity Act has elements successful it that request to beryllium remedied precise quickly. The states don’t person the wherewithal to physique energy infrastructure.

“ Let’s telephone a spade a spade. They don’t person the resources. , erstwhile you are breaking down inefficiency into different level of inefficiency, you are lone spreading the virus.

​”So, the champion mode is for america to truly look astatine this contented and inquire ourselves, however did we get here? Why are we here? If determination is alignment crossed the board, I tin guarantee you wealth volition travel successful easily,” helium said.

Adesina, however, said that to execute the urgently needed influx of concern successful the sector, it was imperative for the authorities to guarantee argumentation consistency and stability.

​”There indispensable beryllium stableness successful the system. We indispensable spot the hunger and the tendency successful the enactment successful resolving the existent occupation that would engender much concern to beryllium made by us,” helium said.

Earlier, Vice Chairman of NERC, Mr Musiliu Oseni, said that the committee had created a Transmission Infrastructure Fund to summation concern successful that conception of the powerfulness sector.

“As we continuously strive to supply regulatory oversight to guarantee improved reliability of supply, the committee shall focu...