Parts of the reasons why the Nigerian Electricity Regulatory Commission (NERC) is sceptical about the planned review of the Electric Power Sector Reform (EPSR) Act by the ministry of power was yesterday fully disclosed to THISDAY.
According to a source privy to the ongoing impasse between the regulatory body and ministry of power on the planned review, NERC had from its standpoint as the sector regulator highlighted the possible danger of wrong signal from the planned holistic review of the Act on the ground that the Act had so far not been sufficiently practicalised to warrant such a comprehensive review.
The source stated in Abuja, that apart from the possible misreading of the planned review by global investing communities, the commission also felt that it should not be involved as a participant in the processes leading to the review but more as a watchdog to ensure strict adherence to standards in the process.
To this end, the source disclosed that NERC had in its discussion with the ministry, expressed its reservation to a request by the ministry for Mallam Imamuddeen Talba, who is a deputy general manager within the commission, to chair a committee set up to review the EPSR Act.
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