The Nigerian Electricity Regulatory Commission (NERC) has announced the commemoration of its 20th Anniversary, marking two decades of regulating the Nigerian Electricity Supply Industry (NESI).
In a statement issued on Thursday, the commission said the anniversary provides an opportunity to reflect on its journey from inception, through the challenges of unbundling the power sector, the privatisation of key assets, and the oversight of Nigeria’s electricity market from the Interim Market stage to the current Transition Electricity Market.
Established on October 31, 2005, under the Electric Power Sector Reform Act (EPSRA) 2005, now replaced by the Electricity Act 2023, NERC said it has played a central role in steering the evolution of the country’s electricity industry.
“Over the past twenty years, the Commission has championed reforms that foster transparency, accountability, consumer protection, and sustainable growth across the sector,” the statement read.
To mark the milestone, NERC said it would host a series of activities designed to highlight achievements, engage stakeholders, and set a forward-looking agenda for Nigeria’s electricity future.
Naijaonpoint reports that stakeholders from government, industry, development partners, and consumer advocacy groups are expected to convene to reflect on the sector’s progress, share insights, and renew their commitment to building a reliable, affordable, and sustainable power industry.
Highlights of the celebration will include a technical session with panel discussions by industry leaders, a health and wellness session, and a commemorative dinner to honour pioneers, deceased members of staff, and past chairmen and commissioners.
Speaking ahead of the anniversary, NERC Vice Chairman, Dr Musiliu Oseni, described the event as more than a symbolic celebration.
“This 20th Anniversary is not just a milestone, it’s a reaffirmation of our mandate to protect consumers, promote investment, and ensure a level playing field in Nigeria’s electricity sector. We remain committed to driving reforms that deliver tangible value to Nigerians,” he said.
The commission added that as it looks ahead to the next two decades, it remains dedicated to regulating the electricity supply industry in the public interest—balancing consumer needs with those of operators while supporting Nigeria’s energy transition.
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