- NISO is now responsible for system and market operations, previously under the Transmission Company of Nigeria (TCN).
- TCN will continue to maintain the country’s transmission infrastructure, while NISO will independently oversee grid and market operations.
In a significant stride towards deepening power sector reforms, Vice President Kashim Shettima on Tuesday inaugurated the Board of Directors of the newly established Nigerian Independent System Operator Limited (NISO), tasking them with stabilising and securing the country’s national electricity grid.
The move marks a defining moment in implementing the Electricity Act 2023, which mandates the unbundling of power sector operations and the formation of independent bodies to drive transparency and efficiency.
NISO, now responsible for system and market operations previously under the Transmission Company of Nigeria (TCN), is poised to become a central player in the country’s evolving electricity ecosystem.
Addressing board members at the Presidential Villa, Abuja, Vice President Shettima emphasised that the Tinubu administration is committed to building a transparent, investment-ready electricity market. “The establishment of NISO is a decisive step toward this vision,” he said, urging the board to uphold the highest standards of professionalism and integrity.
Highlighting the board’s strategic role, Shettima stressed the importance of real-time coordination of electricity generation and efficient energy dispatch to meet national demand. He charged them with ensuring the reliability and security of the grid, adding that their work is vital to Nigeria’s economic growth and the success of the Renewed Hope Agenda.
According to Shettima, the transfer of system and market operations from TCN to NISO aligns with Section 15(2)(b) of the new electricity law. TCN will continue to maintain the country’s transmission infrastructure, while NISO will independently oversee grid and market operations, enhancing investor confidence in the sector.
Minister of Power Adebayo Adelabu described NISO as the linchpin for improving service delivery, transparency, and operational discipline in the power market. He emphasised collaboration with key stakeholders, including the Nigeria Electricity Regulatory Commission (NERC), state regulators, and generation and distribution companies.
NERC Chairman Sanusi Garba reaffirmed the federal government’s support for NISO, stating that its formation is “a crucial milestone toward building a competitive, investor-friendly electricity market.”
Dr Adesegun Olugbade, appointed Board Chairman, will lead the team through what is expected to be a transformative era for Nigeria’s power industry.
With this development, Nigeria is ready to overhaul its electricity sector by creating independent, accountable institutions to meet growing energy demands.