On Monday, NERC announced this on its X account, naming the states as Imo, Ondo, Ekiti, and Enugu.

The electricity market regulator claims that states are now alone in charge of overseeing their own electricity markets.

Apart from the 12th one, Aba Power Electric, there are currently 11 electrical distribution companies: Abuja, Benin, Enugu, Eko, Ibadan, Ikeja, Kaduna, Kano, Jos, Port Harcourt, and Yola.

In Enugu, Benin, and Ibadan Discos, the pre-existing market arrangements have been modified following the completion of the transfer of oversight in four states.

It stated that as of January 10, 2025, it had started to transfer regulatory oversight to ten states.

To further transform the electrical industry, the remaining six states will integrate their sub-companies in 2025.

“NERC has started the transfer of regulatory oversight to 10 states as of January 10, 2025,” the commission said. States will be in charge of overseeing their electrical markets after the transfers are finished.

Enugu, Ekiti, Ondo, Imo, Oyo, Edo, Kogi, Lagos, Ogun, and Niger are the ten states. Four states—Enugu, Ekiti, Ondo, and Imo—have finished their transfers, while six states are still in the process.

Since 2013, the Nigerian Electricity Supply Industry has operated differently due to the transfer, which follows the passage of the 2023 Electricity Act.