• About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, December 9, 2023
Mediatracnet
Advertisement
  • Home
  • News
  • Special Focus
  • Politics & Policy
  • Viewpoint
No Result
View All Result
  • Home
  • News
  • Special Focus
  • Politics & Policy
  • Viewpoint
No Result
View All Result
Mediatracnet
No Result
View All Result
Home News Business

Electricity market operators meet to take stock; chart a course forward

Bassey Udo by Bassey Udo
October 29, 2023
in Business, News
0
Electricity workers lament Minister’s ignorance about power sector issues, challenges

Minister of Power, Adebayo Adelabu

0
SHARES
31
VIEWS
Share on FacebookShare on Twitter

Operators in the different segments of the Nigerian Electricity Supply Industry (NESI) are converging on Abuja for a three day roundtable to assess theperformance of the sector. 

The maiden meeting to hold more than ten years since the privatisation of the Nigerian power sector would afford market participants, government agencies and institutions, as well as other key stakeholders to take stock of the challenges, as well as chart a newpathway for progress in the power sector.

Organisers of the event said on Sunday in Abuja that the Roundtable would allow key stakeholders to examine the sector along the lines of defined parameters to clinically determine the issues affecting the smooth operation of the sector and proffer solutions.

“Significantly, this 10 -year milestone, post-privatisation, in view of the continued challenges of the power sector, presents the perfect opportunity that is not so much a celebration, but a sober reflection/retrospection and an audit of how far we have come, how much further we need to go, and what we require for the journey ahead,” Chairman of the Roundtable Planning Committee, Stephen Ogaji, said in Abuja. 

The 3 -day Roundtable event, Mr Ogaji said, would have eight plenary sessions focused on deliberation on issued affecting the various segments of the NESI, namely Power Generation; Gas to power; Power Distribution, Transmission, Metering and Customer Centricity,Renewable Energy and Climate Change, Access to Finance, Liquidity andRecapitalization. 

Ogaji said the conference would also look at the regulatory k and policy ecosystem, with a particular emphasis on the Electricity Act, 2023.

The privatization of the NESI, he noted, took place in 2013, marking a historic turning point in Nigeria’s energy 

sector, and transitioning from the era of the Power HoldingCompany of Nigeria (PHCN) to a system of private investor ownership and participation.

However, he saithe progress in NESI , post-privatization has not fully met the lofty expectations set forth in the National Electricity Power Policy, 2001 (NEPP), the Electric Power Sector Reform Act, 2005 (EPSRA) now Electricity Act 2023, and the Road Map for Power SectorReform, 2010.

Consequently, he said while acknowledging the ten-year post-privatization milestone, under the umbrella of NMPSR, the operators and other stakeholders of NESI were also seeking opportunity to assess the evolution of the privatisation, assess the areas of constraint, and determine a roadmap that would provide the pathway to the progress that is currently impeded by various factors. 

The stakeholders roundtable has the Theme: “NESI privatization & it’s 10-year milestone: The Journey So Far, Opportunities and Prospects.” 

Expected participants, the organisers said, include leading energy professionals and other related experts who would discuss and determine a way forward for a privatized entities in the NESI, consistent with the aspirations and objectives of the National Electric Power Programme (NEPP).

They said the Roundtable was ultimately, designed as a postprivatisation roadmap that would be presented to decision/policy makers, as NESI market participants and stakeholders’ comprehensive contribution to power sector policy formulation and implementation.

“The meeting is the maiden innovative, explorative, and solution driven journey towards a sustainable energy future for our dear country,” Ogaji said. 

Tags: NESINigeriaPower sector
Previous Post

Transcorp Hotels sustains growth with impressive 62% profit in Q3

Next Post

$11bn P&ID scandal: Nigeria’s long road to justice

Bassey Udo

Bassey Udo

Bassey Udo is a Journalist, Communication & Media Practitioner PERSONAL DETAILS DATE OF BIRTH: March 3, 1965 GENDER: Male NATIONALITY: Nigerian GSM: +234 802 313 7335; 07032308000 EMAIL: [email protected] CONTACT ADDRESS: Plot 743 Coral Park Street, Lugbe CRD, Abuja, FCT 900128 A multiple award winning investigative reporter with specialised interest in Business & Economy, Energy & Power, Oil, Gas, Mining & Extractive Industry, Environment & Climate Change, etc. at various times for some of Nigeria’s elite newspapers and magazines, including Post Express, NewsAfrica magazine, Independent, 234NEXT and Premium Times. A member of the Nigerian Guild of Editors (NGE), Nigeria Union of Journalists (NUJ), Nigerian Institute of Public Relations (NIPR) and Society of International Law & Diplomacy (SILD). He is also a distinguished Alumnus of the U.S. International Visitors Leadership Programme (IVLP) 2017.

Next Post
UPDATED: N170.3m FIRS contract fraud: How AGF Malami gave safe passage to Zinox Chairman, wife, 11 other suspects

$11bn P&ID scandal: Nigeria’s long road to justice

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Cash crunch: Why Labour called off its planned nationwide strike

NLC President’s brutalization: Bayo Onanuga’s mischief & the tragedy of a nation 

November 14, 2023
COP28: NUPRC unveils regulatory framework for energy transition, decarbonisation for Nigeria’s upstream oil sector 

COP28: NUPRC unveils regulatory framework for energy transition, decarbonisation for Nigeria’s upstream oil sector 

December 4, 2023
Experts proffer why most govt. policies, programmes fail 

Data literacy: NBS, UNDP, others unveil the Nigeria Visualise Project

November 28, 2023
Experts proffer why most govt. policies, programmes fail 

Experts proffer why most govt. policies, programmes fail 

November 1, 2023
Post-COVID-19: IMF wants more reforms to sustain Nigeria’s macroeconomic stability, growth

COP28: Pressure mounts on IMF to deploy Special Drawing Rights through multilateral development banks

December 8, 2023
ECOWAS court President laments non-enforcement of the regional court rulings by members

ECOWAS court rejects demand for sanctions to be lifted against Niger Republic  

December 8, 2023
CBN gives reasons why controlling monetary policy rate was raised again to 16.5%

CBN warns Nigerians to beware of counterfeit Naira banknotes in circulation

December 8, 2023
How NCDMB used Nigerian Content Act to promote investments in 15 oil, gas projects in 10 years

December 8, 2023

Latest News

Post-COVID-19: IMF wants more reforms to sustain Nigeria’s macroeconomic stability, growth

COP28: Pressure mounts on IMF to deploy Special Drawing Rights through multilateral development banks

December 8, 2023
1
ECOWAS court President laments non-enforcement of the regional court rulings by members

ECOWAS court rejects demand for sanctions to be lifted against Niger Republic  

December 8, 2023
2
CBN gives reasons why controlling monetary policy rate was raised again to 16.5%

CBN warns Nigerians to beware of counterfeit Naira banknotes in circulation

December 8, 2023
2
How NCDMB used Nigerian Content Act to promote investments in 15 oil, gas projects in 10 years

December 8, 2023
2
Mediatracnet

WE BELIEVE a virile democratic community is impossible without an informed citizenry, who are capable of balancing their fundamental rights, with their civic roles and responsibilities, based on a balanced, transparent and objective reportage of issues and events by the media.

Follow Us

Browse by Category

  • Business
  • Entertainment
  • Environment
  • Fashion
  • Health
  • Lifestyle
  • Movie
  • Music
  • News
  • Politics
  • Politics & Policy
  • Religion
  • Science
  • Social Business
  • Special Focus
  • Sport & Entertainment
  • Uncategorized
  • Viewpoint
  • World

Recent News

Post-COVID-19: IMF wants more reforms to sustain Nigeria’s macroeconomic stability, growth

COP28: Pressure mounts on IMF to deploy Special Drawing Rights through multilateral development banks

December 8, 2023
ECOWAS court President laments non-enforcement of the regional court rulings by members

ECOWAS court rejects demand for sanctions to be lifted against Niger Republic  

December 8, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 Mediatracnet - tracking news for community value... Powered by Zilisoft Tech.

No Result
View All Result
  • Home
  • News
  • Special Focus
  • Politics & Policy
  • Viewpoint

© 2023 Mediatracnet - tracking news for community value... Powered by Zilisoft Tech.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.