11 December 2012

Nigeria: Kolade Urges NERC to Be More Proactive in Power Sector Regulation

Chairman of the Federal Government's Subsidy Re-investment Programme (SURE-P) Management Board and former Nigeria's High Commissioner to the United Kingdom, Dr. Christopher Kolade has asked the Nigerian Electricity Regulatory Commission (NERC) to be more proactive in the regulation of Nigeria's emerging power sector.

Kolade, who spoke at the December edition of NERC's monthly "Distinguished Guest" lecture series in Abuja noted that NERC could afford to ignore absolute corporate governance practice in a sector as sensitive and demanding as Nigeria's Electricity Supply Industry (NESI).

In his presentation entitled: "Ethics and Professionals" Kolade stated that the responsibility of ensuring best practices across Nigeria's electricity supply value chain was inherent in NERC's establishing Act and as such must be lived out by the Commission in discharge of its responsibilities to all stakeholders in the power sector.

According to him, an efficiently managed power sector should ordinarily be a reflection of a proactive regulatory authority whose roles in setting valuable trends in the sector should transcend its immediate environment across electricity supply value chain in the country, starting from it down to other aspects of the sector.

"We all use ethics in doing what we do in our daily operations but do we understand that it involves serving stakeholders across board through best practices. Stakeholders expect that you do your best at all times and with that you need to meet up with their expectations.

"How do you meet up with such expectations of stakeholders? Quality and respectable standards of service to clients and customers that should also lead to positive and sustainable benefits would do just this", he said.

"You must also balance this up with additional after sale efforts to ensure that there is long term satisfaction in all that you do at all times", Kolade further suggested.

While proffering solutions to NERC's efforts at building up its capacity to regulate the emerging power sector, Kolade said: "You should also consider upgrading your competence, acquire all the necessary knowledge and skills, update yourself all the time to make sure that you don't lose touch of the sector you are regulating".

He advised the agency to imbibe quality assurance in its processes and procedures and above all, make discipline your watchword. This way you exhibit responsibility, knowledge and skill. You also need some good measure of mental attributes, physical attributes as well as other environmental and social requirements to stay on and accomplish your job."

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