By Stella Odueme
The Nigerian Independent System Operator (NISO) has joined industry stakeholders to assess the implementation of the Electricity Act 2023 and its potential to transform Nigeria’s electricity market.
The engagement took place at a two-day national workshop on the Act held at the State House Banquet Hall, Presidential Villa, Abuja, on Wednesday.
NISO’s Managing Director/Chief Executive Officer, Engr. Abdu Bello Mohammed, FNSE, led the delegation to the workshop, which brought together stakeholders from across the Nigerian Electricity Supply Industry (NESI) to discuss the ongoing reforms and opportunities for developing a multi-level electricity market.
The delegation also comprised the Company Secretary and General Manager, Legal, Barr. Bashir Ahmed, and the Assistant General Manager, Legal, Hajiya Maryam Gabdo Malabu.
The workshop was organised by the Office of the Vice President in collaboration with AllStates Management Partners Solutions Limited.
Deliberations centred on the implications of the Electricity Act 2023 for the electricity industry, particularly the growing role of state governments in establishing and managing their electricity markets.
Participants explored ways to leverage the provisions of the Act to attract investment, promote sustainable electricity market operations and enhance power supply nationwide.
The workshop also featured panel discussions where experts and industry players examined the practical challenges of implementing the reforms and proposed strategies for strengthening electricity markets across the country.
The meeting provided stakeholders with an opportunity to exchange views on the effective implementation of the Act and the development of a more efficient and sustainable electricity industry in Nigeria.