08
Apr
Apr
VP SHETTIMA CHARGES NISO BOARD TO FIX ELECTRICITY, NATIONAL GRID CHALLENGES
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CapitalTimesNews / 2 months
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- 2 min read
Vice President Kashim Shettima has tasked the newly inaugurated Board of Directors of the Nigerian Independent System Operator (NISO) Limited to ensure seamless generation, transmission, and distribution of electricity across Nigeria. He emphasized the need for the board to maintain the highest standards of integrity and expertise in carrying out their duties. Senior Special Assistant to the President on Media & Communications, Stanley Nkwocha, in a statement, quoted Shettima as saying, “President Bola Ahmed Tinubu’s administration remains steadfast in its commitment to building a resilient, transparent, and investment-friendly power sector.” Nkwocha further stated that Shettima urged the board to uphold the highest standards of integrity, professionalism, and dedication in carrying out their duties. Shettima highlighted the critical role NISO will play in ensuring the stability, reliability, and security of the national grid. He also emphasized the importance of synergy among stakeholders, including the Nigeria Electricity Regulatory Commission, State Electricity Regulators, Distribution Companies, Generation Companies, and other market actors. The Vice President noted that the establishment of NISO is a decisive step towards achieving the administration’s vision for the power sector. “The government will continue to provide necessary support to ensure NISO operates independently and efficiently, in line with global best practices,” Nkwocha quoted Shettima as saying. Minister of Power, Chief Adelabu A. Adebayo, explained that NISO’s key mandates include determining the efficiency and stability of the national grid, coordinating electricity generation in real-time, and enforcing market discipline and transparency. Chairman of the National Electric Regulatory Commission (NERC), Engr. Sanusi Garba, reaffirmed the administration’s commitment to building an efficient power sector. Shettima also discussed the future of the Transmission Company of Nigeria (TCN), stating that while TCN will transfer assets and liabilities related to market and system operations to NISO, it will retain its transmission service provider license. “Strategically, TCN will prioritize enhancing grid infrastructure, strengthening regional interconnections, and facilitating investment in critical transmission upgrades,” Nkwocha quoted Shettima as saying.
