Nigerian electricity market operators on Tuesday, announced intentions to assess the performance of the Nigerian Electricity Supply Industry in the country.
According to Premium Times, at a press conference on Tuesday in Abuja, the chairman of the NESI market participants and stakeholders roundtable planning committee, Stephen Ogaji, revealed this.
The Transmission Company of Nigeria, the Distribution Companies, the Generation Companies, and the Consumers make up the majority of the NESI.
The review, which is slated to take place from October 30 to November 1, according to Mr. Ogaji, intends to create a venue for a robust and in-depth discussion of the problems and opportunities related to the NESI.
“This first roundtable event, with the theme “NESI Privatisation & its 10-year milestone: The Journey So Far, Opportunities And Prospects,” is the start of what we hope will be a bi-annual conference event that offers a forum for a robust and in-depth discussion of the problems and opportunities related to the Nigerian Electricity Supply Industry.
“We anticipate that the event will bring together the many specialists, operators, vendors, and other stakeholders who are essential for gradually determining the sector’s future course.”
He stated that the assets had been effectively transferred to private investors by the Federal Government of Nigeria since November 2013, when the final phase of the privatization of the Nigerian electricity sector was completed.
“We may not be quite where we should be, but we are making incremental progress towards the ultimate goal of a reliable and sufficient power supply,” he said, despite the fact that it has been a decade of ups and downs.
He said NMPSR is a monument to the collaborative attitude that has guided our journey thus far and that the three-day conference is anticipated to bring together representatives, regulators, investors, and specialists to meticulously discuss challenges, and proffer solutions on the various aspects of the value chain – gas, generation, transmission, distribution, metering, finance/liquidity, renewables, as well as explore potential ramifications of the new Electricity Act 2023.
“Together, we will look for ways to get beyond any remaining obstacles, increase productivity, and make sure we stick to our commitment to giving Nigerians high-quality energy supply services,” he said.
“We see this conference as the start of a new age of collaboration, advancement, and sector growth. Together, we can influence the direction of Nigeria’s power sector and build a setting that supports economic growth, raises living standards, and realizes the full potential of the country,” he stated
