NISO Pushes Joint Planning With States, Rules Out Centralised Market

No Result View All Result Home News Politics Business Sport Football Health Entertainment Education Opinion Editorial Columns Others LeVogue Magazine Conferences National Economy Contact Us Hausa Edition Home News Politics Business Sport Football Health Entertainment Education Opinion Editorial Columns Others LeVogue Magazine Conferences National Economy Contact Us No Result View All Result No Result View All Result NISO Pushes Joint Planning With States, Rules Out Centralised Market by Nse Anthony-Uko 5 seconds ago in Business Share on WhatsAppShare on FacebookShare on XTelegram The Nigerian Independent System Operator (NISO) has said it does not intend to centralise electricity markets in Nigeria, and has instead proposed joint planning with state governments to make the markets work together on one grid.

The managing director/CEO of NISO, Abdu Bello Mohammed, made the position known on Thursday in a presentation at the National Workshop on the Electricity Act 2023 at the State House, Presidential Villa, Abuja.

He said the aim is not to centralise electricity markets but to ensure they operate together effectively within a reliable and well-managed power system, according to a statement from NISO.

To achieve this, Mohammed proposed a technical working group bringing together the operator and state stakeholders. He said the group would deepen collaboration and help deliver an integrated electricity market in line with the Electricity Act 2023.

He also suggested an annual energy planning summit, where NISO and the states would review available energy resources and project future electricity demand.

Mohammed stressed the need for harmonised technical standards, shared data and strong coordination between state electricity markets and the interconnected national grid. His other recommendations were a national-state coordination framework, institutionalised integrated planning and a phased implementation roadmap.

The Act gives state governments a growing role in establishing and managing their own electricity markets, a point that ran through discussions at the two-day workshop.

The workshop was organised by the Office of the Vice President in collaboration with All States Management Partners Solutions Limited. It brought together stakeholders from across the Nigerian Electricity Supply Industry to discuss the ongoing reforms and the development of a multi-level electricity market.

Mohammed led NISO’s delegation to the opening day on Wednesday. It included the company secretary and general manager, Legal, Bashir Ahmed, and the assistant general manager, Legal, Hajiya Maryam Gabdo Malabu.

Participants explored how to use the Act’s provisions to attract investment, sustain market operations and improve power supply nationwide. Panel sessions examined the practical challenges of implementing the reforms and strategies for strengthening electricity markets across the country.

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel –> –> Nse Anthony-Uko Nse Anthony-Uko is a business and financial journalist with over two decades of experience covering Nigeria’s financial system, economy, energy sector, corporate landscape, and global economic developments. Her expertise blends frontline journalism with editorial leadership and a strong grasp of financial market dynamics. She has earned multiple professional recognitions and was selected for the International Visitors Leadership Programme (IVLP) in the United States.