Commending the Nigerian Electricity Regulatory Commission (NERC) for officially transferring regulatory oversight to the Ekiti Electricity Regulatory Bureau (EERB), the Ekiti State Government views this development as a significant milestone that will streamline efforts to ensure smooth electricity supply and distribution within the state.
Rt Hon Taiwo Olatunbosun, the State’s Commissioner for Information, emphasized the exceptional nature of Ekiti being among the first two states to assume regulatory oversight of their electricity markets in the country, following the directives of the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended).
Governor Oyebanji’s commitment to providing uninterrupted electricity supply has been instrumental in achieving this transfer, reflecting the administration’s dedication to advancing the state and enhancing the welfare of its residents. The State Government’s focus on delivering stable electricity to boost socioeconomic activities in the region is a key priority.
By formally requesting the transfer of regulatory oversight of the intrastate electricity market in the state, the Ekiti State Government has aligned with NERC’s mandate, prompting the establishment of the State Electricity Regulatory Bureau (SERB) to oversee various functions previously managed by NERC.
Responsibilities now handled by SERB include issuing licenses and permits for electricity generation, transmission, and distribution, enforcing energy efficiency compliance certifications, and ensuring electrical safety standards and regulations across Ekiti State. Additionally, directives have been issued to Benin Electricity Distribution Company (BEDC) and Ibadan Electricity Distribution Company PLC (IBEDC) to create subsidiaries for intrastate electricity supply and distribution within a 60-day timeframe.
Notable achievements in the power sector under Governor Oyebanji’s administration include the successful operation of the 5-Megawatt Independent Power Project, reconnecting various areas to the National Grid, and ongoing initiatives to extend electricity networks to benefit more communities.
Prof Bolaji Aluko, the State Commissioner for Infrastructure and Public Utilities, welcomed NERC’s decision and expressed optimism about collaboration with relevant stakeholders for the successful implementation of regulatory changes in line with ECA2023 and EA2023.