The Nigerian Electricity Regulatory Commission (NERC) says it is already analysing the views shared by experts on how its mini grid regulation could work better to attract investments in mini grid power solutions in Nigeria when it becomes operational.
It also said the regulation will become operational in a couple of months, giving hopes to potential investors of the country’s willingness to expand its investments attractions for her power sector.
“We have concluded on the public consultations. We are analysing the feedback and feel that the mini-grid regulation will be a good tool to accelerate increase in power in the country especially for unserved and underserved areas of the country,” said NERC acting chair, Dr. Anthony Akah in Abuja.
Akah said the regulation will provide interested parties the opportunity to come into the power sector. He said state governors in the country could leverage on it to drive their electricity plans for their residents.
“We feel that it is an opportunity for state governors to leverage on, to invest in electricity because it is now on concurrent legislative list where states and federal government can invest. The mini grid regulation is on top the line for the commission and will be concluded soon,” he added.
Speaking on the timeline for its operationalisation and other acts to drive up investments in the power sector, Akah stated: “We want to also say that where the unnecessary bottlenecks to accelerating power supply, to the extent that it will not affect the sector, we are reviewing them. Our focus is to ensure that we come up with initiatives that will ensure increase in power for Nigerians.
“There are volumes of information that will be analysed and we hope that will be concluded very soon and then we sign it into law.”