The Nigeria Governors’ Forum and the British High Commission jointly convened a Roundtable to address the nuances of implementing the Electricity Act 2023 and achieve success at the state level.The Roundtable, themed ‘The Electricity Act 2023: Implications and Opportunities for State Electricity Markets,’ brought together representatives from the NGF,the Ministry of Power, state governments, and senior officials from various Federal Ministries, Departments, and Parastatals.
Industry experts and sector stakeholders reiterated the significance of orderly transition, stakeholder engagement and management, market coordination and governance, as well as regional collaboration as critical enablers in progressing the Electricity Act. States are now gearing up to take their next steps, which include the development of transition roadmaps based on contextual stocktake exercises.
This expertise will be instrumental in providing guidance and support throughout the process of implementing the Electricity Act. This commitment aims to support State governments in identifying and developing bankable projects within the electricity sector that adhere to the highest standards of technical, social, and environmental sustainability.
The chairman of the Nigeria Governors’ Forum and Kwara State governor, Abdulraham Abdulraque stated, “through these collaborations, we seek to achieve capacity building, policy guidance, knowledge sharing.