Can the Federal Government of Nigeria Suspend the Transfer of Electricity Regulatory Functions from the Nigerian Electricity Regulatory Commission(“NERC”)- the Federal Regulator to States?

At the most recent edition of the Africa Energy Market Place (“AEMP”) which took place on Thursday and Friday, the 16th and 17th of May, 2024 (i.e. last week), the Nigerian Minister of Power (the “Minister”) was reported to have stated that “the Nigerian (Federal) government had suspended the issuance of regulatory autonomy to State governments”.