Senate President, Godswill Akpabio, has stated that lawmakers are not in the Senate to make money but to make sacrifices for future generations.
Akpabio stated this during a debate on the general principles of the Bill for an Act to amend the Electricity Act, 2023, today, July 9.
The bill will address emerging issues in the Nigerian electric power sector, enhance policy and regulatory coordination, strengthen sectoral financing, protect critical electricity infrastructure, foster industrial relations in the sector, clarify transitional arrangements, redefine host community engagements by licensees operating in the Nigerian electricity supply industry; and for related matters, 2025 (SB. 862).
In his remarks, he noted that without electricity, there will be no way for industrial growth in the country. He said that everyone is looking forward to a total overhaul of the electricity sector.
“People think we are here in the Senate to make money, not knowing that we are here to sacrifice for future generations,” he added at plenary on Tuesday.
When amended, passed, and signed into law, it would help clarify ongoing transitional provisions for the transfer of intrastate electricity matters from the Nigerian Electricity Regulatory Commission (NERC) to state governments, especially matters having a bearing on the operation of the national grid system and other overlapping issues
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