Nigerian Electricity Regulatory Commission (NERC) has emphasised the need for a clear, structured and transparent approach to managing assets and liabilities within the power sector in the wake of ongoing reforms.
  
Speaking at a stakeholders’ workshop on Methodology for Delineation of Successor DisCos’ Assets and Liabilities, NERC Chairman, Sanusi Garba, harped on a transparent and structured approach to asset and liability delineation.
  
The commission said the workshop focused on developing a methodology for the delineation of assets and liabilities of successor electricity distribution companies.
 
It added that the workshop was part of NERC’s effort to enhance regulatory clarity and improve the efficiency of the power sector.
  
The event brought together major stakeholders, including representatives of State Electricity Regulatory Commissions and Bureaus, as well as officials from various DisCos.

“The first-panel session addressed the methodologies for delineating DisCos’ assets, focusing on defining ownership structures, valuation methods, and operational boundaries. The second-panel discussion examined the methodologies for delineating DisCos’ liabilities, including financial obligations, outstanding debts, and regulatory compliance requirements,” the commission explained.
  
Garba stated that the workshop provided a platform for collaborative dialogue between NERC, state regulatory bodies and DisCos, reinforcing the need for a harmonised methodology that ensures equitable allocation of assets and liabilities in the evolving electricity market.
  
The NERC reaffirmed its commitment to fostering a fair and efficient regulatory environment, assuring stakeholders that the outcomes of the workshop would inform future policy directions and implementation strategies in the sector.
  
“Participants engaged in robust discussions, sharing insights on best practices and potential challenges in implementing delineation frameworks,” Garba said.