Energy
Senate passes bill for states, individuals to supply electricity
The Senate on Wednesday passed the Electricity Bill 2022 to allow states and individuals to generate and distribute electricity.
Chairman of the senate committee, Senator Gabriel Suswam (PDP, Benue), said, “Since electricity is on the concurrent list in the constitution, the bill has allowed state governments to license people who intend to operate mini-grids within the states.”
He said, “The bill also gives legal backing to renewable energy. If you decide to generate one megawatt of power using solar as an energy source, that is also provided for. “That is the only way the power problem would be solved. The space is now open; there is a little restriction as to who can generate power and distribute.
What is obtainable now is that any power that is generated must be put on the national grid for transmission and distribution.”
-
Business7 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
News5 days agoUK, Canada pledge closer cooperation on trade, defence and AI
-
Business1 week agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business6 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business6 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Business4 days agoDangote Refinery IPO: Can small investors really make money from the shares?
-
Comments and Issues5 days agoWavy fuel prices and deepening cost-of-living crises in Nigeria
-
Latest6 days agoCourt sets 7-day window for Atiku to serve Tinubu in 2027 suit