The Senate on Wednesday passed the Electricity Bill, 2022 following a consideration of detailed report from its Committee on power, IgbereTV reports
The passage of the bill coincidentally came few hours after the collapse of the national grid for the sixth time within the year.
Chairman of the Committee, Senator Gabriel Suswam (PDP, Benue North East), in his presentation, said the bill sought to significantly provide an Ideal legal and institutional framework to leverage the modest gains of the privatisation phase of the electric power sector in Nigeria.
He noted that when assented into law, the bill would improve utilisation of generated power through increased investments in new technologies to boost transmission and distribution of generated power to minimise aggregate value chain loses.
“The piece of legislation will reinvigorate the Institutional framework for the reform of the Nigerian Electricity Supply Industry initiated and implemented by the Federal Government”, the lawmaker said
