Determined in move towards local energy autonomy, the Ekiti State Electricity Regulatory Bureau (EKSERB) has issued licenses to 14 electricity vendors across the state. This step follows Ekiti State’s recent acquisition of regulatory control from the Nigerian Electricity Regulatory Commission (NERC), marking a significant stride in decentralizing Nigeria’s power sector.
With this transition, the Ekiti State Electricity Regulatory Bureau now holds authority over local electricity tariffs, enabling the Ekiti State Government to implement consumer protection policies tailored to local needs.
On a recent episode of JIROLTV EXCLUSIVE an indebt interview program on JIROLTV with the Ekiti State commissioner for infrastructure and public utilities Prof Bolaji Aluko,The reform aims to enhance electricity supply, curb excessive billing, and increase metering rates across the state.
Speaking on the state’s energy evolution, Professor Bolaji Aluko, Ekiti’s Commissioner for Infrastructure and Public Utilities, highlighted the new structure as an answer to Ekiti’s longstanding electricity challenges.
He explained the dire state of previous power allocations often barely reaching 25 megawatts amid inadequate transmission infrastructure and limited coverage.
He noted that the state’s aim, is to move towards consistent, utility-grade power to support homes, businesses, and public institutions.
The newly licensed energy providers span various sectors, including distribution, generation, mini-grid operations, and metering services. Key companies under the new licenses include Ekiti Electricity Distribution Company, Olokiti Power Distribution which is the distribution arm of the Independent Power Project IPP currently operating in the state, and Enatura Nigeria for power generation. Several meter asset companies, including Mojec International and Momas Electricity Meters, have also been approved to expand metering across Ekiti.
The infrastructure and public utilities commissioner noted some of the metering companies have already started operating in various communities in the state and hopes that more will join soon.
Reflecting on the reform’s vision, Aluko emphasized Ekiti’s commitment to transparency and competition in the electricity market. By attracting private investments and expanding metering, Ekiti’s goal is not only to secure reliable power but also to ensure fair billing practices.
FOR MORE ON THE INTERVIEW PLEASE CLICK THE LINK BELOW.
JIROLTV EXCLUSIVES: WATCH AS PROF.BOLAJI ALUKO GIVES INSIGHT INTO THE POWER SITUATION IN EKITI STATE – ENJOY
https://youtu.be/GeStKp24Li4?si=p5ivhsriPFnjo1Jm
Attributing the feat to the willingness and protectiveness of the Ekiti State governor Mr Biodun Abayomi Oyebanji,Prof.Aluko assured investors of a conducive,safe and uninterrupted power driven Ekiti state which are prerequisite factors that drive development in the community and increase profit for the investors noting that the ease of doing business in the state is quarateed.
This progressive approach positions Ekiti as a leader in localized energy governance, with hopes that other states may follow in decentralizing Nigeria’s power landscape.
