Electricity Tariff: Lagos Top on List as States Begin Move to Start Generating Power
Following the recent electricity tariff hike by the Nigerian Electricity Regulatory Commission (NERC), Lagos and 11 other states have now concluded plans to start generating power in their respective domains in conformity with the Electricity Act 2023.
The states are stepping up efforts to take advantage of the new Electricity Act to establish their electricity generation firms.
The new act permits the state electricity board or any state authority by whatever appellation, to grant licence for mini-grids and provide the framework for the operation of such licensees.
This means that the federal government has succeeded in removing electricity from the exclusive list, allowing states and private individuals to invest in the sector.
Implication
A source who spoke with newsmen recently noted that the states will be on their own. The source added that this will allow them to generate, transmit and distribute power within their states only.
He added:
"Some of them who have been generating power be…
