NERC harps on transparency in the power sector

NERC LogoThe National Electricity Regulatory Commission (NERC) is set to influence the culture of transparency and accountability in Nigeria’s electricity sector.

The culture is aimed at enhancing the orderly and sustainable development in line with its mandate to carry out effective regulation of the sector.

The Chairman/Chief Executive Officer of NERC, Dr. Sam Amadi who confirmed the development in a telephone interview, stated that the organisation is determined more than ever to ensure that investors carry out their operations in line with set rules and regulations.

Specifically, Amadi said the whole idea behind the agency’ transparency is to create an open government through which operators, consumers customers and others would play according to set rules. He said the idea would help in ensuring effective energy audit and provide quality services to the consumers.

Amadi said that NERC was recently ranked as the most transparent public institution in the country because of its penchant to make it a way of life in the sector.

He added that the power companies would be made to be transparent in their dealings to move the sector forward, adding that the Commission would not condone any act of indiscipline in the way the firms approach corporate governance issues.

He said the Commission has been able to correct the impression that disclosures by the companies would be a difficult issue to handle.

Amadi said: ‘’The most difficult challenge is conceptual hurdle that we have to overcome. That is an erroneous belief that disclosure would do harm to an organisation. But this we have been able to correct.’’

The chief executives, he said, must realise the fact that transformation in corporate culture is very important for them to achieve growth, adding that it would be difficult for them to make paradigm shift from non-transparent regime to transparent ones if they fail to make the right move.


[The Nation]



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