The Nigerian Bulk Electricity Trading Plc. was established as part of Nigeria’s power sector reform to build a reliable, transparent and efficient electricity market that supports national development.
Incorporation
NBET was incorporated on 29th July 2010 as a public liability company, with FGN shareholding split between BPE and MOFI.
Commencement of Operations
NBET began operations in August 2011 following the inauguration of its pioneer Board of Directors.
Market Stabilization
Entered into Power Purchase Agreements with generation companies and Vesting Contracts with distribution companies.
Investment & Market Development
Supported major power sector investments including Azura Power Project, NIPP plants and proposed solar IPP projects.
Strengthening the Market
Continued to support market efficiency, transparency and investor confidence in NESI.
Driving the Future
NBET continues as administrator of the electricity trading pool, promoting procurement, resale and market growth.
MD/CEO
2011 - 2016
Pioneer MD/CEO, negotiated Nigeria’s first greenfield power purchase agreement, which supported the development of the 450-megawatt Azura Independent Power Project.
Acting MD/CEO
June 2016 - August 2016
Served as Acting MD/CEO in 2016, providing leadership and operational continuity during NBET’s management transition while supporting electricity market stability and sector reforms.
MD/CEO
2016 - 2020
Led efforts to strengthen market stability, improve payment discipline across the electricity value chain, and enhance investor confidence in Nigeria’s power sector.
MD/CEO
2020 - 2024
Pioneer General Counsel and Company Secretary, played a key role in major power sector investments including Azura Power Project, NIPP plants and proposed solar IPP projects.
Acting MD/CEO
2024 to date
Focused on stabilizing Nigeria’s electricity market, improving sector liquidity, and driving the development of Africa’s first Energy Exchange to promote a transparent and efficient power market.
Managing Directors/
Chief Executive Officers
Years of Market
Leadership
Distribution Companies
Served
Total Energy Procured
(YTD)
Market Invoices
Processed & Disbursed
Africa Energy Exchange
Initiative
We are committed to environmental stewardship, social responsibility and good governance in all that we do.
Promoting cleaner energy and reducing environmental impact.
Empowering communities and supporting national development.
Upholding transparency, accountability and ethical leadership.
Nigeria Bulk Electricity Trading Plc is a wholly Federal Government of Nigeria owned company incorporated on July 29 2010 as part of the roadmap for power sector reform towards the full implementation of the Electric Power Sector Reform Act (EPSRA).
Reports & Resources
Reports & Publications
Market Data
Media
Contact Us
4th Floor, NBET House
Wuse 2, Abuja, Nigeria
+234 700 632 2277
info@nbet.com.ng
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