State electricity markets risk losing investors without harmonised regulations – FCCPC
The Federal Competition and Consumer Protection Commission (FCCPC) has warned that Nigeria’s emerging state electricity markets could struggle to attract investment if states adopt different regulatory frameworks, stressing the need for stronger cooperation among electricity regulators to protect consumers and provide certainty for investors.
READ ALSO: FCCPC, Lagos consumer agency warn businesses on price tags, refunds, product labelling The Chairman of the Enugu State Electricity Regulatory Commission, Chijioke Okonkwo, described the engagement as timely, saying collaboration with federal regulators would help state commissions strengthen consumer protection.
Consumer confidence Mr Bello described the Electricity Act as one of the most significant reforms of Nigeria’s electricity sector, saying its success would depend largely on effective collaboration among federal and state regulators.
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