Electricity Commission gets Senate backing to implement privatization law

Lawmakers visited the electricity commission Friday.

The Nigerian Electricity Regulatory Commission, NERC, has received the backing of the National Assembly to implement the laws spelt out in the Electric Power Sector Reform Act, the commission said.

Members of the Senate Committee on Privatization led by their Chairman, Olugbenga Obadara, pledged the support in Abuja during a visit to the Chairman/Chief Executive Officer of the Commission, Sam Amadi.

Mr. Obadara said the ongoing reform in the power sector would not be successful without a firm but fair enforcement of the provisions of the privatization rules and regulations by the Commission.

He said members of the Senate Committee are committed to work with electricity operators to ensure a successful and sustained growth of the power industry in spite of the initial hiccups facing the newly privatized electricity market.

Mr. Obadara said that the committee was well aware of the enormity of the job before the Commission, as the bridge between the operators and the people.

He said the committee fully believed in the privatization exercise and would want to ensure that everything was done to see that it did not go the way of other reforms in the past.
The Chairman suggested that the lawmakers would help the Commission to “think out of the box” for solutions to some of the problems facing the sector.

He, however, said that the Commission needs to wield the big stick to ensure that operators followed the rules in their activities.

Mr. Amadi was represented by the Vice-Chairman of the Commission, Muhammed Bello, who commended the members of the Senate Committee for them their continued support that enabled the smooth completion of the huge transactions that ushered in the privatized electricity market.

“There was no reference point before the privatization exercise. The issue now is to pursue the reform to make sure it succeeds,” Mr. Bello said.

The Vice-Chairman of the Commission reassured the members of the committee that NERC was doing everything in its power to find solutions.

He also informed the lawmakers on the open and transparent discussions that the Commission holds monthly with the Chief Executive Officers of the Generation Companies, GENCOs and Distribution companies, DISCOs in order to proactively deal with any issues that arise that could detrimentally affect the electricity sector reform.


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