Ogun seeks NERC support for electricity market takeover

The Ogun State Electricity Regulatory Commission has sought the support of the Nigerian Electricity Regulatory Commission ahead of its assumption of full regulatory oversight of the electricity market in the state.

The NERC disclosed this in a statement posted on its social media platforms on Friday following a courtesy visit by a delegation of the Ogun regulator to its headquarters.

The delegation was led by the Chairman-Designate of OGSERC, Engr Jide Onakoya, and received by the Chairman of NERC, Dr Musiliu Oseni.

According to the statement, the visit focused on strengthening cooperation between the two regulatory institutions, particularly in capacity development, institutional support and the exchange of regulatory knowledge and best practices.

NERC said the engagement was aimed at strengthening OGSERC’s capacity to effectively regulate the electricity market in Ogun State as the state prepares to take full responsibility for its intrastate electricity market.

“The visit provided a platform for both regulatory institutions to explore areas of cooperation, particularly in capacity development, institutional support and the exchange of regulatory knowledge and best practices to strengthen OGSERC’s capacity to effectively regulate the Ogun State electricity market,” the commission stated.

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On capacity development, NERC said both commissions identified critical areas for institutional and technical support, particularly in tariff determination, consumer protection and market regulation.

The commission also said they reaffirmed their commitment to sustained collaboration following the decentralisation of electricity regulation under the Electricity Act 2023.

On knowledge sharing, the statement said the institutions are committed to facilitating “the exchange of expertise, regulatory experience and best practices to enhance OGSERC’s operational effectiveness.”

It added that both commissions are ready to work together to promote efficient regulatory oversight, safeguard electricity consumers and create an enabling environment for investment in Ogun State’s electricity market.

“The commitment was underscored during a courtesy visit by an OGSERC delegation, led by its Chairman-Designate, Engr. Jide Onakoya, to NERC on Friday, 13 November, 2026,” the statement added.