• About Us
  • Contact Us
  • Privacy Policy
Wednesday, June 7, 2023
The Union Nigeria
No Result
View All Result
  • Home
  • News
    • National
    • International
    • Security
    • Judiciary
    • Special Reports
  • Politics
  • Investigations
  • Business
    • Economy
    • Agriculture
    • Aviation
    • Banking
    • Communication
    • Energy
    • Maritime
    • Oil & Gas
    • Technology
    • Tourism
  • Health
  • Education
  • Arts & Life
    • Art
    • Books
    • Fashion
    • Lifestyle
  • Sports
    • Football
    • Athletics
    • Tennis
    • Racing
    • Golf
  • Press Freedom
  • Opinion
    • Editorial
    • Interviews
    • Columns
  • Home
  • News
    • National
    • International
    • Security
    • Judiciary
    • Special Reports
  • Politics
  • Investigations
  • Business
    • Economy
    • Agriculture
    • Aviation
    • Banking
    • Communication
    • Energy
    • Maritime
    • Oil & Gas
    • Technology
    • Tourism
  • Health
  • Education
  • Arts & Life
    • Art
    • Books
    • Fashion
    • Lifestyle
  • Sports
    • Football
    • Athletics
    • Tennis
    • Racing
    • Golf
  • Press Freedom
  • Opinion
    • Editorial
    • Interviews
    • Columns
The Union Nigeria

Amidst National Grid Collapse, Senate Okays New Electricity Bill

“We believe that this piece of legislation can change the fortunes of the electricity industry in Nigeria for the better.” 

by The Union Nigeria
July 21, 2022
in National
Senate Panel Alleges Forgery In Labour Ministry’s N208m Payment To Trainees

Nigerian Senate

Share on FacebookShare on TwitterShare To WhatsAppSend To Mail

As Nigeria’s National grid collapsed to zero megawatts, senate on Wednesday passed the Electricity Bill 2022 that has empowered States or individuals with capacities to generate their own power and distribute to do so

The bill’s passage came after the consideration of a report by the Committee on Power.

The bill has now paved way for governments to license people who intend to operate mini grid within the state as against the initial situation where electricity was on the Concurrent List in the constitution.

The bill also will give legal backing to renewable energy generation whereby any individual who decides to generate one megawatt of power using solar as energy source is also provided for.

The Senate expressed the hope that with the bill the power problem would be solved.

“The space is now opened. There is little restriction as to who will generate power and distribute.”

Amidst National Grid Collapse, Senate Okays New Electricity Bill
Nigerian Senate

Chairman of the Committee, Senator Gabriel Suswam (PDP, Benue North East), in his presentation, said the bill seeks to, amongst others, provide an Ideal legal and institutional framework to leverage on the modest gains of the privatisation phase of the electricity power sector in Nigeria.

He added that when signed into law, the bill would improve utilization of generated power through increased investments in new technologies to enhance transmission and distribution of generated power to minimize aggregate value chain loses.

According to the lawmaker, the piece of legislation would “reinvigorate the Institutional framework for the reform of the Nigerian Electricity Supply Industry (NESI) initiated and implemented by the Federal Government.”

He disclosed that the provisions of the bill seeks to promote policies and regulatory measures that would ensure the expansion of power transmission networks in Nigeria in order to address any imbalance in the existing transmission infrastructure.

Suswam noted that the bill would stimulate policy and regulatory measures to scale up efficient power generation, transmission and distribution capabilities of the sector; as well as address technological limitations and outdated infrastructure that are responsible for value chain loses.

The Senate President, midway through consideration of the bill, sought to know the role and operational capacity of banks that had taken over distribution companies (discos) indebted to them.

Amidst National Grid Collapse, Senate Okays New Electricity Bill
Power Transmission Lines

Responding, Senator Suswam explained that the take-over of entities (Discos) by banks was duly carried out in collaboration with the Nigerian Electricity Regulatory Commission (NER) and Bureau of Public Enterprise (BPE).

According to him, there was a transitional process put in place during the take-over of the Abuja Electricity Distribution Company (AEDC) by the United Bank for Africa (UBA) to ensure efficiency in service delivery.

He noted that such transitional process usually involves the invitation of new investors to scale up generation and distribution capacities.

He further disclosed that the Federal Government had disbursed $100 million (USD) to Siemens to kickstart transmission in the distribution end of the power sector.

On his part, Senator Ahmad Babba-Kaita (PDP – Katsina North), said the faulty way in which Discos were created was largely responsible for their inability to live up to expectations.

He, therefore, advised the federal government to ensure a transparent process in the selection of companies to take-over power generation and distribution across the country.

The Deputy Chief Whip, Senator Aliyu Sabi Abdullahi (APC – Niger North), noted that the aspect of renewable energy in the bill, was given prominence amidst the energy mix.

The Electricity Bill, 2022, after a clause-by-clause consideration of the Committee’s report by the Committee of the Whole, was passed by the upper chamber.

The Senate President, Ahmad Lawan, in his remarks after the passage of the bill, said, “because of its importance and sensitivity, we would like to see a quick concurrence by the House of Representatives, because time is of essence as far as Nigeria is concerned when you talk about electricity and energy supplies in Nigeria.

“So, we would like to see that this bill is fully processed in the National Assembly and sent to the Executive side of government for the consideration for assent by Mr. President.

“We believe that this piece of legislation can change the fortunes of the electricity industry in Nigeria for the better.”

Subscribe To Receive Newsletters

Check your inbox or spam folder to confirm your subscription.

ShareTweetSendSend
Previous Post

Killers Of Okoye Must Be Arrested – Soludo Assures Family Of Beheaded Anambra Lawmaker

Next Post

Reps Spokesman, Kalu Is Sleeping With My Wife- Hon. Uwak Alleges

MORE STORIES

Tinubu’s Request To Appoint 20 Special Advisers Gets Senate’s Speedy Approval

Tinubu’s Request To Appoint 20 Special Advisers Gets Senate’s Speedy Approval

June 7, 2023
contracts scam

BREAKING: Tinubu Appoints Chief Of Staff, Others

June 1, 2023
Tinubu Inherits Over N16tn Uncompleted Projects

Tinubu Inherits Over N16tn Uncompleted Projects

May 31, 2023

2023: Why I Campaigned Hard, Made Important Promises – Tinubu

March 30, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TRENDING STORIES

  • OKOWA: Why I Refused To Accept Ibori’s Candidate As My Successor

    OKOWA: Why I Refused To Accept Ibori’s Candidate As My Successor

    0 shares
    Share 0 Tweet 0
  • BREAKING: Tinubu Appoints Chief Of Staff, Others

    0 shares
    Share 0 Tweet 0
  • 10th NASS Leadership: APC, Tinubu Allegedly Back Out Of Akpabio’s Endorsement

    0 shares
    Share 0 Tweet 0
  • EFCC Arraigns Jonathan-Omo for N105m Amnesty Fraud

    0 shares
    Share 0 Tweet 0
  • Meet Man With Over 2600 Court Cases, See What He Did To Guinness For Publishing His Record

    0 shares
    Share 0 Tweet 0
  • SPECIAL REPORT: 49 Kidnapping Hotspots On South-West Roads Identified

    0 shares
    Share 0 Tweet 0
  • SPECIAL REPORT: Despite Lack Of Funds Nigeria Gifts ₦806 Million To Guinea Bissau (See Implications)

    0 shares
    Share 0 Tweet 0
  • 2023: Is Yekini Amoda Ogunlere The Real Name Of Bola Ahmed Tinubu?

    0 shares
    Share 0 Tweet 0
  • Wike No Longer In PDP – Says NEC Member

    0 shares
    Share 0 Tweet 0
  • DOLLAR RAIN: Senate President Aspirants Luring Colleagues With ‘$200,000 Per Senator’ — Ndume Alleges

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT

RECENT STORIES

INEC Releases Final List Of Governorship Candidates In Bayelsa, Imo, Kogi

INEC Releases Final List Of Governorship Candidates In Bayelsa, Imo, Kogi

June 7, 2023
Uzodimma Dumps Deputy Ahead Of Imo Gov’ship Election

Uzodimma Dumps Deputy Ahead Of Imo Gov’ship Election

June 7, 2023
Tinubu’s Request To Appoint 20 Special Advisers Gets Senate’s Speedy Approval

Tinubu’s Request To Appoint 20 Special Advisers Gets Senate’s Speedy Approval

June 7, 2023
NLC Shelves Planned Strike After Aso Rock Meeting

NLC Shelves Planned Strike After Aso Rock Meeting

June 6, 2023
Amidst Subsidy Removal, Jet Fuel, Cooking Gas Prices Crash

Amidst Subsidy Removal, Jet Fuel, Cooking Gas Prices Crash

June 6, 2023

THE UNION NIGERIA

TheUnionNigeria.com is an independent, nonprofit news website that seeks to promote transparency and accountability through robust and objective reporting. We aim to critically engage you with news reports, Opinions, Editorials, Politics, Business Sports, Entertainment news, Lifestyle, Education, Videos, Photos, Documents and investigative reports.

  • Facebook
  • Twitter
  • YouTube

GET NEW POST ALERT

Check your inbox or spam folder to confirm your subscription.

NEWS SOURCES

  • Africa.com
  • Businessday
  • Channels Television
  • Daily Independent
  • Daily Times
  • Daily Trust
  • Leadership Newspaper
  • National Daily
  • NewsDiary Online
  • Nigerian Tribune
  • Economic Confidential
  • Peoples Gazette
  • PM News
  • Pointblanknews
  • Premium Times
  • Punch
  • The Guardian
  • The Nation
  • The Sun
  • Thisday
  • TV360 Nigeria
  • Vanguard

©The Union Nigeria | Published By Flying Dutchman Limited.

No Result
View All Result
  • Home
  • News
    • National
    • International
    • Judiciary
    • Security
    • Crime
    • Special Reports
  • Politics
  • Investigations
  • Business
    • Economy
    • Agriculture
    • Aviation
    • Banking
    • Communication
    • Energy
    • Maritime
    • Oil & Gas
    • Technology
    • Tourism
  • Health
  • Education
  • Arts & Life
    • Art
    • Books
    • Fashion
    • Lifestyle
  • Entertainment
    • Movies
    • Music
  • Sports
    • Football
    • Athletics
    • Tennis
    • Golf
    • Racing
  • Opinion
    • Editorial
    • Interviews
  • Press Freedom
  • Columns
  • TUN TV
  • ABOUT US
  • CONTACT US

©The Union Nigeria | Published By Flying Dutchman Limited.