NERC Hosts eTranzact Team, Explores Fintech Solutions For Power Sector

 The Nigerian Electricity Regulatory Commission (NERC) on Tuesday received the management team of eTranzact International Plc on a courtesy visit to its headquarters in Abuja, signaling fresh momentum toward integrating financial technology into the nation’s power sector.

Welcoming the delegation, NERC Chairman, Dr. Musiliu Oseni, reaffirmed the Commission’s commitment to supporting innovations that enhance liquidity, operational efficiency, and service delivery across the Nigerian Electricity Supply Industry (NESI).

The eTranzact team, led by Managing Director and Chief Executive Officer, Mr. Niyi Toluwalope, showcased a suite of fintech solutions tailored to the electricity market. Among the highlights was a platform designed to enable consumers to purchase electricity and make payments in instalments, alongside other digital payment and settlement tools aimed at boosting market efficiency.

Both organizations expressed readiness to explore collaborative pathways that leverage financial technology to strengthen payment systems, improve revenue assurance, and drive overall market sustainability.

The meeting underscores NERC’s ongoing efforts to embrace digital innovation as a catalyst for reform and sustainability in Nigeria’s electricity supply industry.