The Nigerian Electricity Regulatory Commission (NERC) has unveiled a week-long programme of activities to celebrate its 20th anniversary, marking two decades of reforms and regulation in the nation’s electricity industry.
Founded in 2005 under the now-repealed Electric Power Sector Reform Act, NERC has played a central role in transforming Nigeria’s electricity landscape — from overseeing the unbundling of the defunct Power Holding Company of Nigeria (PHCN) to guiding the post-privatisation era of the sector.
In a statement issued on Wednesday, NERC described the anniversary as a moment to reflect on its journey, achievements, and ongoing reforms aimed at improving transparency, service delivery, and consumer protection.
Vice Chairman of the Commission, Dr Musiliu Oseni, said the milestone represents “a reaffirmation of our commitment to safeguard consumer interests, attract sustainable investments, and strengthen competition within the electricity market.”
According to him, NERC remains focused on policies that ensure Nigerians enjoy affordable and reliable power supply while creating a stable environment for investors.
As part of the celebrations, the Commission will host technical panel discussions featuring key industry players, a health and wellness event for staff, and a debate competition for secondary school students on energy efficiency. The programme will conclude with a dinner to honour past commissioners, pioneer staff, and deceased members who contributed to NERC’s development.
The anniversary coincides with major policy changes in the power sector following the enactment of the Electricity Act 2023, which decentralises electricity regulation and empowers states to establish their own agencies. NERC said it will continue to provide technical support and guidance to ensure smooth implementation across the country.
Over the years, the regulator has introduced performance benchmarks, tariff models, and consumer protection rules that balance public interest with investor needs. It has also promoted renewable energy initiatives and off-grid solutions in line with Nigeria’s clean energy goals.
Looking ahead, NERC pledged to sustain its efforts toward building a fully competitive electricity market driven by accountability, improved service quality, and market discipline.
The Commission, established as an independent body under the Electricity Act 2023, remains responsible for setting tariffs, issuing licences, monitoring market performance, and fostering efficiency across the Nigerian Electricity Supply Industry.
