The Nigerian Electricity Regulatory Commission (NERC) says it has transferred regulatory oversight of the electricity market in Lagos State to the newly established Lagos State Electricity Regulatory Commission (LASERC).
NERC announced this in a statement it released on X, on Thursday.
The development is in compliance with the amended provisions of the Nigerian Constitution and the Electricity Act of 2023.
NERC said the Commission retains the role as a central regulator with regulatory oversight on the inter-state/international generation, transmission, supply, trading and system operations.
