Senate passes electricity bill to address power sector challenges | TheCable

July 21, 2022 7:56 AM

Gabriel Suswam, chairman of the committee, said the bill sought to provide an ideal legal and institutional framework to leverage the modest gains of the privatisation phase of the electric power sector in Nigeria.Advertisement He noted that the bill would stimulate policy and regulatory measures to scale up efficient power generation, transmission and distribution capabilities of the sector; as well as address technological limitations and outdated infrastructure responsible for value chain losses.Ahmad Lawan, president of the senate, midway through consideration of the bill, sought to know the role and operational capacity of banks that had taken over Distribution Companies indebted to them.

He noted that such a process usually involved invitation of new investors to scale up generation and distribution capacities. He, therefore, advised the federal government to ensure a transparent process in the selection of companies to takeover power generation and distribution across the country.

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