New Power Sector Regulations Imminent – Fashola

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The Minister of Power, Works and Housing, Babatunde Fashola, has said the Federal Government will be coming out soon with new regulations for the power sector so as to ensure improved power supply in the country, TVC News reports.

The former governor of Lagos State disclosed this on Monday while featuring on TVC’s programme, #ThisMorning. Fashola who expressed satisfaction with the private sector’s involvement in the sector, also urged states that are interested in generating their own power to obtain the necessary permits and licenses from the Nigerian Electricity Regulatory Commission (NERC) in respect of the areas they want to invest in.

He added; ”The solution to the problem associated with distribution of meters is to open up the metering business. I will support any state that wants to get involved in generating and also distributing power under its own arrangement, just as I have done for the people at Odogunya Ikorodu area.”

Source: Energy Mix Report

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