Ekiti State Licenses 14 Electricity Investors for Enhanced Power Supply

In a landmark move to address power challenges, Ekiti State Government has licensed 14 electricity investors, marking a crucial step toward improved electricity generation, distribution, and metering within the state. This initiative is part of the government’s broader efforts to empower local authorities under Nigeria’s 2023 Electricity Law Enactments, enabling states to take charge of electricity provision to meet local demands.

During the licensing ceremony in Ado-Ekiti, Professor Mobolaji Aluko, the Commissioner for Infrastructure and Public Utilities, underscored the state’s commitment to utilizing its legislative rights for power sector reforms. He noted that the licenses granted would allow investors to establish mini-grids and distribute electricity, which would help alleviate Ekiti State’s significant power deficit. This strategic approach aims to promote an efficient and decentralized electricity supply system that meets the Ekiti state’s unique needs.

Addressing Ekiti State’s Power Deficit

Ekiti State faces a substantial power shortfall, requiring around 120 megawatts to meet its daily demand. Currently, the state receives between 20 to 25 megawatts from the Omisajana Substation in Ado-Ekiti and the Omu-Aran feeder line in Kwara State, falling well below the demand threshold. This gap has impacted businesses, households, and industries within the state, stifling economic growth and development.

The licensing of 14 electricity providers is intended to reduce Ekiti’s dependency on centralized power sources and create a self-sustaining system. According to Professor Mobolaji Aluko, this step will not only enhance the electricity supply but also promote the establishment of local power infrastructure, reducing transmission losses and ensuring a more stable and reliable energy supply. He called on stakeholders to support these efforts, including protecting infrastructure from vandalism and theft.

Stakeholder Support and Commitment to Electricity Reforms

The Technical Adviser on Lower Infrastructure to Governor Biodun Oyebanji, Engr. Philips Atere, highlighted the importance of this licensing initiative as a breakthrough for Ekiti State energy sector. He applauded the investors for their willingness to commit to the state’s energy future, assuring them of the residents’ readiness to pay for the electricity they consume. This collaboration between the government, investors, and consumers is viewed as essential for the successful implementation of Ekiti State’s power reforms.

Echoing these sentiments, Engr. David Dare Samson, the Executive Secretary of the Ekiti State Electricity Regulatory Bureau (EKSERB), emphasized the need for a collaborative approach to ensure effective service delivery. He revealed that of the 14 licensed investors, three are distribution companies, four are generation companies, two are mini-grid operators, and five are meter asset providers, collectively working towards a holistic solution for Ekiti State’s electricity needs.

Economic Boost Expected Through Improved Power Supply

Traditional leaders in Ekiti State, represented by Oba Ayorinde Ilori Faboro, the Olojudo of Ido-Ekiti, expressed optimism about the economic benefits this initiative will bring. He described electricity as a catalyst for development, predicting that enhanced power supply would spur economic activities, attract more investments, and improve the overall standard of living for Ekiti State residents. The traditional council also commended the Abayomi Oyebanji administration for its commitment to electricity reforms, considering it a significant stride towards sustainable development and Economic growth of the Ekiti State

The Managing Director of Benin Electricity Distribution Company (BEDC), Mr. Deolu Ijose, representing other newly licensed vendors, praised Governor Oyebanji and the Ekiti State Government for their dedication to reforming the Ekiti’s energy sector. He pledged the investors’ full cooperation, with a shared vision to create a robust power infrastructure that supports Ekiti’s economic growth and provides lasting benefits for its citizens.