The Federal Competition and Consumer Protection Commission has warned that Nigeria’s emerging state electricity markets could face investment challenges if different regulatory standards are adopted across the country.
The commission called for stronger collaboration between federal and state electricity regulators, saying a harmonised consumer protection framework is necessary to safeguard electricity users and provide certainty for investors under the Electricity Act 2023.
Speaking on Thursday at a stakeholders’ engagement on consumer protection and regulatory cooperation in Nigeria’s electricity sector in Abuja, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr Tunji Bello, said consumers should receive equal protection irrespective of where they reside.
The meeting was attended by officials of the Nigerian Electricity Regulatory Commission, the Nigerian Electricity Management Services Agency and state electricity regulatory commissions following the emergence of sub-national electricity markets under the Electricity Act 2023.
Bello described the legislation as a landmark reform that
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