President Tinubu Signs Another Bill Into Law
President Bola Tinubu has signed the Electricity Act 2023 into law according to sources within the presidential villa. The new law replaces the Electricity and Power Sector Reform Act of 2005 and removes the monopoly in the generation, transmission, and distribution of electricity at the National level, to empower States, companies and individuals to generate, transmit and distribute electricity. The bill was initially passed by the National Assembly in July 2022. “This is the culmination of two years’ work, to update the electricity law and bring it in line with what the constitution actually provides,” a source quoted by Business Day said.…
