36 state governors across Nigeria are teaming up to address the persistent issue of inadequate power supply in the country. They’ve embarked on initiatives to dismantle the monopoly held by Discos in power distribution and are utilizing the authority granted by recent legislative amendments to license, generate, transmit, and distribute electricity within their respective states.
This move signifies a significant shift in the power sector, empowering states to take charge of their energy needs and foster competition in the distribution market.
Additionally, organized labor groups are advocating for fair practices, such as universal metering and transparent billing, to protect consumers’ interests.
The Nigeria Governors’ Forum is spearheading efforts to implement these changes, coordinating with stakeholders and engaging consultants to navigate the complexities of establishing state-level electricity markets.
Furthermore, the federal government is taking steps to restructure underperforming Discos and enhance regulatory oversight to ensure accountability and efficiency in the sector.
Despite the challenges ahead, there’s a consensus among experts that decentralizing the electricity sector and encouraging private investment are essential for improving access to reliable power across the country.
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