Business
NERC Releases Regulations On Direct Power Purchase
The Nigerian Electricity Regulatory Commission (NERC) has released regulations to guide the implementation of the customer eligibility in the Nigerian Electricity Supply Industry (NESI).
The Minster of Power, Works and Housing, Mr Babatunde Fashola while receiving the regulations in Abuja said declaration of customer eligibility would help improve capacity for distribution of electricity to eligible consumers.
Fashola had on May 15, declared four categories of eligible customers in NESI.
The declaration, which permits some categories of electricity customers to buy power directly from the generation companies, was in line with the provisions of Section 27 of the Electric Power Sector Reform Act 2005.
The section enabled eligible customers to buy power from a licensee other than electricity distribution companies.
“ Let me recap again, you are the statutory umpire to this sector; you make the rules; you proscribe the sanctions and you implement them.
“Our role as a ministry is to make policy statements; as long as I am here, I will ensure that your independence on making of rules remain unhindered.”
He said the presentation of the much awaited document would further help improve the distribution of power for consumers who needed them.
He also explained that consumers who were also ready to make investment in providing distribution assets by themselves in a way to recover their cost could now embark on the process.
“ I know that consumers will be affected with regards to how they can possibly build out distribution assets and how they can get compensated.
“So members of the public must therefore know that weather it is tariff setting, eligible customer declaration, NERC first did consultation before it made decision so that all the interest are carried on as much as possible.”
Fashola , who commended NERC for turning out the regulation, said that the much awaited regulation by Nigerians was the regulation on licensing meter service providers.
“ While this is the much welcome regulation, I think the regulation that everybody is waiting for is the regulation of meters.
“I hope that in a couple of days, you probably will be able to share that with us; members of the public are waiting.
“It will be a good thing, if we can complete the metering regulation before this month is over and see how quickly it can stimulate the licensing of meter suppliers and ultimately to consumers .”
He said that the provision of the regulations and other giant strides being recorded in the sector were part of the implementation of the power sector recovery plan.
Earlier, the Vice –Chairman of NERC, Mr Sanusi Garba, said it had carried out consultations in the six geo-political zones of the country to get inputs of stakeholders and Nigerians.
He also said that the regulation had inputs from the technical support from USAID before approving the regulation.
The 33-page customer eligibility regulations document is designed to facilitate competition in the supply of electricity, promote rapid expansion of generation capacity and open up a window for improvement in quality of supply.
It also has the objective to encourage the opening up of third party access to transmission and distribution infrastructure, among other objectives.
The Minister of State for Industry, Trade and Investment, John Enoh said this at the 8th annual induction and conference of the Chartered Institute of Project Managers of Nigeria (CIPMN).
He explained that abandoned projects continue to lock up public funds that could have been used for infrastructure development, industrial growth, job creation and essential social services.
Represented by the ministry’s Permanent Secretary, Chris Osa Isokpunwu, he said the impact goes beyond financial losses, as incomplete projects affect communities and limit access to important public services
He cited examples of that remain unopened, schools that cannot accommodate students, roads that fail to connect communities and electricity projects that have not delivered their intended benefits.
The Registrar-General and Chief Executive Officer of CIPMN, Henry Ifeanyi Mbadiwe, also identified poor project management as a major challenge affecting development in Nigeria.
He revealed that the institute had developed a project management curriculum for Nigerian universities, which has received approval from the National Universities Commission (NUC). The programme is expected to enable universities to offer project management as a bachelor’s degree.
Mbadiwe further referenced findings by the Presidential Projects Assessment Committee, which identified 11,886 ongoing federal capital projects in 2011, with an estimated financial commitment of ?7.78 trillion.
He noted that inadequate planning, supervision, accountability and implementation were among the factors contributing to the abandonment of projects across the country.
The minister called for stronger project management structures across ministries, departments and agencies to improve planning, monitoring and evaluation.
He added that the Federal Ministry of Industry, Trade and Investment had introduced a 90-day implementation reporting cycle to strengthen transparency and monitor the progress of government programmes.
Ikenga said the company remained committed to Nigeria’s power sector and would continue investing in its operations despite the challenging business environment.
He spoke in Lagos at the third edition of the Shell Power Conference, themed “Powering Nigeria’s Progress: Turning Ambition and Action into Sustainable Impact”.
The Transcorp Power chief said the company would sustain electricity generation, invest in its facilities and deliver value to shareholders.
“Transcorp Power is a long-term player, not a short-term player. This year has been challenging, but what is important is getting power to schools, hospitals and businesses to power progress,” he said.
Ikenga said the company’s focus on operational efficiency and investment had strengthened its contribution to Nigeria’s electricity supply.
He disclosed that since acquiring the Ughelli Power Plant in Delta State in 2013, Transcorp Power had quadrupled its available generation capacity.
He also said the company became the first privatised power generation firm to receive a post-privatisation discharge certificate after fulfilling all its privatisation obligations.
The company’s unaudited results for the nine months ended September 30, 2026, showed a profit before tax of N83.1 billion, while its profit-before-tax margin rose to 31.2 per cent from 29.6 per cent recorded in the corresponding period of 2025.
Its total assets rose to 11.7 per cent amounting to N629.5 billion, while shareholders’ funds grew 8.9 per cent to N199.8 billion. Cash and cash equivalents also rose to N10.3 billion, supported by improved collections.
On the company’s contribution to grid stability, Ikenga said Transcorp Power’s black-start capability enabled it to restart operations without relying on electricity from the national grid.
He explained that the capability allowed the company to support power restoration following grid disturbances, helping to restore electricity supply to homes, businesses and industries.
Ikenga noted that Nigeria had an installed electricity generation capacity of about 13,000 megawatts, with an estimated potential of 50 gigawatts, adding that realising the potential would require effective coordination across the entire value chain.
“Everything in the value chain has to work,” he said.
He called for stronger collaboration among federal and state governments, regulators and private-sector operators, alongside increased private investment, to build a sustainable electricity market.
This was contained in a statement issued on Thursday by his Senior Special Assistant on Communications and Press Secretary, Maryann Duke.
The statement said Oyedele pointed to “improved digital systems, including electronic invoicing, as a key driver behind a record of N33tn in government revenue collected between January and October 2026.”
The minister said the performance demonstrated the potential of technology to improve revenue administration, strengthen compliance and increase efficiency across government institutions.
Speaking on the theme, ‘Digital Sovereignty and Ethics: Guarding the Economy for the Next Generation,’ Oyedele warned that Nigeria risked losing substantial economic opportunities if it continued to depend heavily on foreign digital infrastructure.
Citing Nigerian Communications Commission figures, he disclosed that the country recorded more than 157 million active internet subscriptions as of May 2026.
He explained that these connections generated significant volumes of information through financial transactions, healthcare, education and taxation.
However, citing estimates from the Nigeria Data Protection Commission, Oyedele said as much as 90 per cent of the country’s data was hosted abroad.
According to him, the situation has implications for foreign exchange expenditure, employment opportunities, technological skills and Nigeria’s control over information generated by its citizens.
He compared the country’s reliance on foreign digital infrastructure with its historical dependence on imported refined petroleum products, warning against a situation where Nigerian data would be processed abroad and the resulting services sold back to domestic users.
The minister consequently advocated greater investment in local data infrastructure, technical expertise, cybersecurity and predictable regulations to enable Nigerian businesses to capture more value from the digital economy.
He clarified that digital sovereignty should not translate into technological isolation but should strengthen Nigeria’s capacity to participate competitively in international markets.
Addressing graduating students, Oyedele urged young Nigerians to become developers of technological solutions rather than remain primarily consumers of products created elsewhere.
He identified artificial intelligence as both a disruptive force and an opportunity for innovation, advising graduates to acquire relevant digital skills alongside critical thinking, creativity, sound judgement and integrity.
The minister also cautioned against irresponsible online behaviour, explaining that digital footprints increasingly influence employment prospects, commercial relationships and professional credibility.
Oyedele outlined five priorities for graduates, including continuous learning, value creation, integrity, responsible digital citizenship and active participation in national development.
“Your degree is evidence of what you have learned. Your competence will demonstrate what you can do. Your character will reveal who you truly are,” he told the graduating students.
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