Home Business Nigeria attains full membership of ERRA

Nigeria attains full membership of ERRA

446
0
SHARE

The Energy Regulators Regional Association (ERRA) has upgraded Nigerian membership from associate status to full membership at the on-going General Assembly of the international organisation in Warsaw, Poland.

The information is contained in a statement issued by the Nigerian Electricity Regulatory Commission’s (NERC) Head of Media, Michael Faloseyi, in Abuja on Thursday.

It stated that the acting Chairman of NERC, Dr Anthony Akah, was elected a member of the seven-man committee of the independent regulatory bodies of ERRA.

It stated that members of the committee were drawn from Europe, Asia, Africa, Middle East and the United States.

The statement stated that Nigeria’s membership had been beneficial in exchange of experience with other regulatory agencies in the world through trainings, internship and knowledge sharing among member states.

It stated that the ERRA had conducted international and local trainings for NERC staff on managing emerging privatised electricity market, tariff setting, incentive regulation and benchmarking.

According to the statement, other countries that gained upgraded status along with Nigeria are Cameroon, Oman, Pakistan, Saudi Arabia and United Arab Emirates.

It stated that the new status attained by Nigeria and the election of Akah as a member of the seven-man committee was expected to attract more benefits to the Nigerian electricity sector.

ERRA is a voluntary organisation comprising independent energy regulatory bodies primarily from Europe, Asia, Africa, Middle East and the United States.

The association’s main objective is to increase exchange of information and experience among its members and to expand access to energy regulatory experience around the world.

It has the mandate to improve national energy regulation in member countries.(NAN)