The Federal Government has inaugurated a nine-member inter-agency committee to drive sustained engagement among stakeholders and resolve emerging issues arising from the implementation of the Electricity Act, 2023.
Minister of Power, Chief Joseph Tegbe, who inaugurated the Committee during a workshop on the decentralisation of the nation’s electricity market in Abuja, would chair the committee himself.
Its core objectives include ensuring sustained engagement among power sector agencies, resolving implementation issues as they arise, and supporting the seamless operationalisation of the Electricity Act.
Members of the committee have been given a four-week duration to review issues raised at the meeting. Within this period, they are expected to work with other stakeholders and share a resolution within the time frame.
Speaking at the workshop, the Minister described the transition to a decentralised electricity market as one of the most significant reforms in the power sector in decades, stressing that its success would depend on collaboration among stakeholders rather than institutional rivalry.
Its success will depend not on institutional competition, but on collaboration, regulatory certainty, and our shared commitment to delivering better outcomes for Nigerians,” the Minister said.
He emphasised that the Nigerian Electricity Supply Industry (NESI) must succeed, describing electricity as the single most im“Together, we are laying the foundation for a modern, reliable, and investor-friendly electricity market that delivers improved service, attracts investment, and powers Nigeria’s economic growth,” he said.portant enabler of economic growth, industrialisation, job creation, digital transformation, and improved quality of life.
“Every sector of our economy depends upon it – Manufacturing, Agriculture, Mining, Financial Services, Telecommunications and Information Technology, to mention but a few,” he said, adding that every national aspiration under the Renewed Hope Agenda rests upon the availability of reliable electricity.
The Minister noted that the responsibility of ensuring the industry’s success extends beyond institutional mandates and should be seen as a national obligation.
He urged stakeholders not to view the decentralisation of the electricity market as fragmentation, but rather as the intelligent distribution of responsibilities within one integrated national electricity ecosystem.
Tegbe commended the constructive engagement of stakeholders at the workshop, including their decision to deepen consultations as implementation of the reform continues.
