By Stella Odueme
The Nigerian Electricity Regulatory Commission (NERC) has urged investors to leverage existing regulatory frameworks to attract large-scale private sector investments and improve electricity supply across Nigeria.
The Commission said the power sector offers opportunities for bankable and sustainable investments that could expand electricity access, strengthen supply reliability and support economic growth.
NERC Chairman, Dr Musiliu Oseni, represented by the Commission’s Director of Economic Regulation, Mr Abba Terab, made the call during an interactive panel session at the 32nd Nigerian Economic Summit in Abuja on Tuesday, October 27, 2026.
The session, themed “Power Growth: Reliable Electricity for Industry and Prosperity,” examined strategies for improving electricity supply to support industrial development and national prosperity.
Terab explained that NERC had introduced various regulatory instruments to facilitate viable transactions and encourage private capital into the electricity market.
According to a statement on NERC X handle on Thursday, he noted that the Federal Government was pursuing the Vision 30:30:30 target through continued liberalisation of the power sector under the Electricity Act and supporting regulations issued by the Commission.
According to him, decentralised electricity supply models, including embedded generation, remain important strategies for expanding access to reliable electricity.
Other panellists also highlighted measures needed to strengthen the electricity market and improve power delivery to businesses and consumers.
The Managing Director of Abuja Electricity Distribution Company (AEDC), Chijioke Okwuokenye, emphasised the importance of regulation in promoting embedded generation and net billing arrangements to accelerate renewable energy adoption.
Similarly, the Managing Director of Elektron, Deen Solebo, highlighted government efforts to strengthen gas-to-power infrastructure, noting that medium-scale power plants could provide electricity more efficiently to specific geographical areas and clusters of customers.
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, stressed the need to establish a viable electricity market in which consumers receive reliable power supply and pay appropriately for the energy consumed.
The panel was moderated by Jumoke Delano, Managing Consultant at Competence Builders International.
The Nigerian Economic Summit was organised by the Nigerian Economic Summit Group (NESG) as part of efforts to promote economic reforms and build an open, inclusive, sustainable and globally competitive economy driven by the private sector.