States, companies authorised to generate power as Tinubu signs electricity bill into law | TheCable

which empowers states, companies and individuals to generate, transmit, and distribute electricity.

16 constitutional amendments in 2022, one of which pertains to the devolution of powers – clarifying the powers of the federal government and states to generate, transmit, and distribute electricity.Consequently, states have been granted constitutional authority to enact laws that allow them to generate, distribute, and transport electricity within its boundaries, including territories formerly covered only by the national grid.

‘‘That’s devolution of power and that should be our contribution to the developmental projects you are looking for and we will continue in ways that will help our people,’’ he said.Meanwhile, the newly-signed act provides an omnibus and ideal institutional framework for the post-privatisation phase of Nigeria’s power sector in the areas of generation, transmission, distribution, supply, trading, and general use of electricity.

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President Tinubu Signs Electricity Act 2023, Empowers States, Private Companies To Generate Power | Sahara ReportersThe Nigerian President, Bola Tinubu, has signed the 2023 Electricity Act which is a replacement for the Electricity and Power Sector Reform Act of 2005 into a law. The newly enacted law will de-monopolise Nigerian electricity generation, transmission, and distribution of electricity at the national level. This new law will empower states, companies, and individuals to generate, transmit and distribute electricity in the country.
Fonte: SaharaReporters - 🏆 9. / 63 Consulte Mais informação »