Nigeria - 2012 - Energy

Nigerian Electricity Regulatory Commission: Guidelines and Assessment Criteria for Fit and Proper Persons for Corporate and Individual Participation in Regulated electricity undertakings

Ministry of Energy and Natural Resources, Nigeria

These guidelines provide the minimum conditions for assessing the capacity of corporate and individual persons as “fit and proper” to engage in any aspect of electricity business licensed by the Nigerian Nuclear Regulatory Authority under Electric Power Sector Reform (EPSR) Act, 2005 or to occupy directorship or management positions in any licensed electricity entity. The guidelines are divided into two parts. The first part sets the fit and proper requirements for individuals seeking to take up directorship or executive management positions in the licensed entities while the second part prescribes the general assessment criteria for corporate entities desirous of undertaking a regulated electricity business

Process Flow

Planning, Research and Strategy Department, Nigerian Electricity Regulatory Commission ⬤

Office of the Chairman, Nigerian Electricity Regulatory Commission ⬤

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Nigerian Electricity Regulatory Commission: Guidelines and Assessment Criteria for Fit and Proper Persons for Corporate and Individual Participation in Regulated electricity undertakings Current Version

January 2022

These guidelines provide the minimum conditions for assessing the capacity of corporate and individual persons as “fit and proper” to engage in any aspect of electricity business licensed by the Nigerian Nuclear Regulatory Authority under Electric Power Sector Reform (EPSR) Act, 2005 or to occupy directorship or management positions in any licensed electricity entity. The guidelines are divided into two parts. The first part sets the fit and proper requirements for individuals seeking to take up directorship or executive management positions in the licensed entities while the second part prescribes the general assessment criteria for corporate entities desirous of undertaking a regulated electricity business

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