Nigeria Power Sector has been bedeviled with litany of problems ranging from acute shortage of generation capacity and natural gas; transmission constraints and inadequacies; lack of private sector participation, inadequate generation mix (Solar, wind, coal etc); unacceptably high payment and credit risk in the distribution sector. These have enthroned hardship across board in Nigeria as cost of production was high, cost of living high, economy unattractive for local and foreign investors, massive unrest and agitation for an improved power supply.
With the 2005 Electric Power Sector Reform (EPSR) and subsequent establishment of an independent regulator – Nigeria Electricity Regulator Commission, Nigeria began a long ride to reform its Power sector with a view to ensure that Nigerians’ hardship are alleviated and the economy able to attract and retain investors. Saddled with the mandate to provide safe, reliable, adequate and affordable Electricity to Nigerians, How Far has Nigeria Electricity Regulatory Commission (NERC) been able to live its motto; “Keeping the Lights on” and its vision; “Electricity on Demand”?
Without fear of Contradiction and based on where we were before and where we are today, one can proudly stand on mount Everest and scream it loud for the world to hear; in the past two to three years, uncommon transformation has taken place in the Electricity industry of Nigeria.
The Nigeria Electricity Regulatory Commission under Dr Sam Amadi has been able to surmount challenges militating against keeping the Lights on through effecting positive changes in carriage, mannerism, administration, public relations and implementation of balance-stricken Electricity investors’ and consumer-friendly policies.
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