PenCom Engages NERC on Regulatory Collaborations

On Friday, the management of the National Pension Commission (PenCom) paid a courtesy visit to the Nigerian Electricity Regulatory Commission (NERC) to seek enhanced regulatory collaborations and partnerships.

The PenCom team, led by Director General Ms. Omolola Oloworaran, was welcomed by NERC Chairman Sanusi Garba, along with Commissioners and management staff.

While NERC oversees the Nigerian Electricity Supply Industry, PenCom regulates all Pension Fund Administrators and pension-related matters.

During the visit, Ms. Oloworaran emphasized the importance of collaboration, particularly with other regulatory agencies in Nigeria.

She also requested NERC's support as PenCom works to improve compliance among power utility companies regarding pension remittances.

"At PenCom, we engage with federal agencies not only when addressing issues or collaborating on specific initiatives but also to foster relationships. I am eager to return and exchange i   deas,” said Ms. Oloworaran.

NERC Chairman Sanusi Garba highlighted the significance of collaborations for commissions and regulatory agencies to better fulfill their mandates.

“Thank you for reaching out to us. Over time, we have actively built relationships with other commissions and regulatory agencies established by the government—not just to build relationships, but also to engage in peer reviews, exchange ideas, and collaborate in meaningful ways,” he said.