Recommendation
Following the empowerment of states to generate, distribute and transmit their electricity based on the passage of the 2023 Electricity Act by President Bola Ahmed Tinubu, the EMRC advised states that it is in their best interests, to collaborate with the Transmission Company of Nigeria (TCN) on transmission-related matters within their states or consider public-private partnerships for financing transmission within the state.What you should know:
During the July 22 webinar on the 2023 Electricity Act by Nairametrics, Management, and Strategic Leadership expert, Biodun Ogunleye, said that some states may not have the ability to effectively generate, transmit and distribute electricity, so there is a possibility that the country may end up with over 20 new electricity markets, as opposed to 37.