10 benefits of 2023 Electricity Act Bill signed by Tinubu

Tinubu signs electricity bill into law

The 2023 Electricity Act will de-monopolise electricity generation, transmission and distribution at the national level. President Bola Tinubu has signed the electricity bill into law to empower state government, companies and individuals to generate, distribute and transmit electricity. The bill which was passed in July 2022 repeals the Electricity and Power Sector Reform Act, 2005. The main aim of the bill is to create a comprehensive legal a…

Tinubu signs Electricity Act 2023 into Law

Barely ten days after his inauguration, President Bola Ahmed Tinubu has assented to the Electricity Act 2023. The Electricity Act will replace the

10 benefits of 2023 Electricity Act Bill signed by Tinubu

President Bola Tinubu has approved the new Electricity Act, which replaces the 2005 Electricity and Power Sector Reform Act. The Electricity Act was first passed in July 2022 in the administration of former President Muhammadu Buhari. The new bill seeks to promote private sector investments in the Nigerian power sector and de-monopolise the nation’s electricity