President Tinubu Signs Electricity Act Amendment Bill Into Law

Date: 09-02-2024 9:01 pm (2 months ago) | Author: onuigbo felicia
- at 9-02-2024 09:01 PM (2 months ago)
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President Bola Tinubu has signed the Electricity Act (Amendment) Bill, 2024, into law.

The bill was passed by the House of Representatives on July 27, 2023, and the Senate on November 14, 2023, and was sponsored by Honourable Babajimi Benson, who represents Ikorodu Federal Constituency of Lagos state.

The Special Adviser on Media and Publicity, Ajuri Ngelale, said the Electricity Act (Amendment) Bill, 2024, “seeks to address the development and environmental concerns of host communities, and sets aside five percent of the actual annual operating expenditures of power generating companies (GENCOs) from the preceding year for the development of their respective host communities."

“The Bill further provides that the funds set aside for the development of host communities will be received, managed, and administered for infrastructure development in the host communities by a reputable Trustee/Manager to be jointly appointed by the respective GENCO and their host community”

Posted: at 9-02-2024 09:01 PM (2 months ago) | Addicted Hero
- kp45 at 9-02-2024 09:38 PM (2 months ago)
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They keep signing to deliver rubbish
Posted: at 9-02-2024 09:38 PM (2 months ago) | Addicted Hero
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- gogoman at 9-02-2024 09:49 PM (2 months ago)
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APEX!!!!!!!!!!!!!!!!!!!!!!!
Posted: at 9-02-2024 09:49 PM (2 months ago) | Grande Master
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- Baye77 at 9-02-2024 10:15 PM (2 months ago)
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It's a good law...sadly, some few people will pocket those monies..just as is the case in oil producing communities... Nigerians are the problem of Nigeria
Posted: at 9-02-2024 10:15 PM (2 months ago) | Hero
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- fineboy77 at 10-02-2024 05:03 AM (2 months ago)
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ok
Posted: at 10-02-2024 05:03 AM (2 months ago) | Addicted Hero
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