President Bola Ahmed Tinubu has approved the full reconstitution of the Nigerian Electricity Regulatory Commission (NERC) Board, following the Senate’s confirmation of the nominated members. The move signals a renewed effort to strengthen oversight and accelerate reforms in Nigeria’s power sector.
The newly appointed leadership includes:
• Dr. Mulisiu Olalekan Oseni – Chairman
• Dr. Yusuf Ali -Vice Chairman
• Other board members tasked with supporting regulatory, compliance, and strategic initiatives across the electricity sector.
President Tinubu has charged the board with several critical objectives, including:
• Strengthening regulatory oversight of power generation, transmission, and distribution
• Deepening ongoing power sector reforms, ensuring efficiency and transparency
• Implementing the Electricity Act, 2023, to modernize sector governance
• Stabilising the electricity market to improve supply reliability and affordability for consumers
The President emphasized that the board’s work is pivotal to achieving a sustainable and investor-friendly electricity sector capable of meeting Nigeria’s growing energy demands.
The reconstituted NERC Board is expected to focus on:
1. Enhancing regulatory frameworks to encourage competition and protect consumers
2. Attracting investment in generation and distribution through transparent policies
3. Monitoring compliance by electricity distribution companies to ensure uninterrupted service
4. Implementing the Electricity Act, 2023, which aims to: Encourage private sector participation, Promote renewable energy integration,Modernize billing, metering, and service delivery
Experts say these steps are essential to address persistent power outages, high tariffs, and infrastructure challenges that have hindered economic growth and industrial productivity.
Nigeria’s electricity sector contributes significantly to national development and industrialization. The newly constituted board is expected to:
• Facilitate reliable and affordable electricity for households and businesses
• Improve investor confidence by ensuring clear regulatory standards
• Reduce losses in the transmission and distribution chains, which have historically plagued the sector
The President also emphasized accountability, transparency, and efficiency in all regulatory processes to ensure that reforms deliver tangible benefits to Nigerians.
The board will immediately commence work on:
• Reviewing ongoing projects and sector initiatives
• Ensuring full compliance with the Electricity Act, 2023
• Engaging stakeholders, including distributors, generators, and consumer advocacy groups
• Reporting progress periodically to the President and the National Assembly
Officials say the board will play a critical role in unlocking the potential of Nigeria’s electricity market, laying the foundation for long-term energy security and economic growth.
