The bill’s passage was sequel to the consideration of a report by the Senate Committee on Power.
According to the lawmaker, 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 Senate President, Ahmad Lawan, 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 transitional process usually involved the 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 take-over power generation and distribution across the country.
In his remarks, Mr Lawan said that “because of its importance and sensitivity, we will like to see a quick concurrence by the House of Representatives.
Source: Law Daily Report (lawdailyreport.net)
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