Oil & Energy
NERC Hands Over Regulatory Powers To PSERC

Nigerian Electricity Regulatory Commission (NERC) has transferred the regulatory oversight of the electricity market in Plateau State to the Plateau State Electricity Regulatory Commission (PSERC).
NERC, in a post on its official X handle, at the Weekend, said the decision aligns with the amended Constitution of the Federal Republic of Nigeria and the Electricity Act 2023 (Amended), which empowers states to regulate their intrastate electricity markets upon formal notification and request to NERC.
In addition to Plateau State, 10 other states have taken over and are in the process of taking over their electricity markets including Lagos, Enugu, Ondo, Ekiti, Kogi, Oyo, Imo, Edo, and Niger.
Some of these states, such as Kogi, Enugu, Ekiti, Ondo, and Imo, have fully assumed control, while others are still transitioning.
As part of this transfer, Jos Electricity Distribution Plc. (JED) is required to establish a subsidiary, JED SubCo, to handle intrastate electricity supply and distribution in Plateau State.
“JED must complete this incorporation within 60 days from March 12, 2025, and the subsidiary will need to obtain a license from PSERC”.
NERC also stated that all transfers are expected to be finalised by September 12, 2025.
Recall that with the EA 2023, the NERC retains the role as a central regulator with regulatory oversight of inter-state/international generation, transmission, supply, trading and system operations.
The EA also mandates any state that intends to establish and regulate intrastate electricity markets to deliver a formal notification of its processes and requests NERC to transfer regulatory authority over electricity operations in the state to the State Regulator.
Based on this, the government of Plateau State complied with the conditions precedent in the laws, duly notified NERC and requested for the transfer of regulatory oversight of the intrastate electricity market in Plateau State.
The transfer Order by NERC has the following provisions: -Direct Jos Electricity Distribution Plc (JED) to incorporate a subsidiary (JED SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Plateau State from JED.
-JED shall complete the incorporation of JED SubCo within 60 days from 12th March 2025. The sub-company shall apply for and obtain licence for the intrastate supply and distribution of electricity from PSERC, among other directives.
-All transfers envisaged by this order shall be completed by 12th September 2025.
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Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
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