30.6 C
30.6 C

Senate pass Electricity Bill 2022 to unlock gains of power privatisation




Share this story

The Senate today passed the Electricity Bill 2022, which is expected to facilitate the unlocking of power privatisation benefits.

The bill’s passage was sequel to the consideration of a report by the Senate committee on Power.

The chairman of the committee, Senator Gabriel Suswam (PDP Benue North East) explained in his presentation that the bill sought to, among other objectives, provide an ideal legal and institutional framework to leverage on the modest gains of the privatisation phase of the electricity power sector in Nigeria.


Metered electricity customers grew by 6.8% in 5 years – NBS

Electricity consumers should not purchase, repair transformers, others – FCCPC

We have not approved new electricity tariff – NERC

- Advertisement -

TCN, GENCOs contrasting views on low power generation show poor coordination in electricity value chain

Susan said that the bill, when signed into law, would improve utilisation of generated power through increased investments in new technologies to enhance transmission and distribution of generated power to minimise aggregate value-chain losses.

According to the lawmaker, the piece of legislation would “reinvigorate the institutional framework for the reform of the Nigerian electricity supply industry (NESI) initiated and being implemented by the Federal Government.”

He opined that the provisions of the bill would promote policies and regulatory measures that would ensure the expansion of power transmission networks in Nigeria in order to address any imbalance in the existing transmission infrastructure.

Suswam also 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generation, transmission and distribution capabilities of the sector, as well as address technological limitations and outdated infrastructure that had been responsible for value-chain losses.

The Senate President, Ahmad Lawan, sought, midway through consideration of the bill, to know the role and operational capacity of banks that had taken over distribution companies (discos) indebted to them.

Responding, Senator Suswam explained that the take-over of entities (Discos) by banks was duly carried out in collaboration with the Nigerian Electricity Regulatory Commission (NERC) and Bureau of Public Enterprise (BPE).

- Advertisement -

According to him, there was a transitional process put in place during the take-over of the Abuja Electricity Distribution Company (AEDC) by the United Bank for Africa (UBA) to ensure efficiency in service delivery.

He noted that such transitional process usually involved the invitation of new investors to scale up generation and distribution capacities.

He disclosed that the Federal government had disbursed $100 million to Siemens to kickstart transmission in the distribution end of the power sector.

Author profile

Harrison Edeh is a journalist with the International Centre for Investigative Reporting, always determined to drive advocacy for good governance through holding public officials and businesses accountable.

Support the ICIR

We invite you to support us to continue the work we do.

Your support will strengthen journalism in Nigeria and help sustain our democracy.

If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Support the ICIR

We need your support to produce excellent journalism at all times.



Nigeria ranks 27th among countries with highest number of prisoners

NIGERIA, with 74,059 inmates, is currently the 27th country with the highest number of...

Banks will accept rested notes after February 10 deadline – Emefiele

THE Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has assured Nigerians...

General Elections: INEC to engage NNPC Ltd over fuel supply concerns

THE Independent National Electoral Commission (INEC) said it would be meeting with the leadership...

How North Korean runs illegal hospital patronised by the high and mighty in Abuja

A PRIVATE hospital run by a man, Jongsu Kim, who claims to be Chinese...

Why there is no basis for current petrol scarcity – PENGASSAN

THE Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says there is...

Most Read


Subscribe to our newsletter