FG Removes Power Companies from the National Grid.
The Federal Government said that it had started removing some power companies from the national grid because they were not abiding by the Electricity Market Rules.
The government explained that the Nigerian electricity supply industry was governed by laws, which were critically required for the viability and sustainability of the sector, but it avoided naming the affected power facilities.
The Federal Government claimed that these regulations were inviolate and that any new or existing actors in the industry had to abide by them.
Electricity generation, transmission, and distribution businesses are key players in the power sector. The regulations must be followed and enforced for all participants to interact successfully and generate the necessary harmony for the sector’s growth, efficiency, and profitability.