Tinubu signs bill into law that empowers states and individuals to generate, distribute electricity
2 years ago864 min
President Bola Ahmed Tinubu has signed the Electricity Act 2023, which lawmakers first passed in July 2022. The Electricity Act will take the place of the 2005 Electricity and Power Sector Reform Act. It establishes a framework to guide the Nigerian Electricity Supply Industry’s (NESI) post-privatization phase and to encourage private sector investment in the sector. Some of the functions that the Electricity Act seeks to guide are highlighted below. The law mandates the de-monopolization...