Mohamed Shosanya
The Electricity Act,2023 signed into law by President Bola Ahmed Tinubu will create better deal for the nation’s power sector,Kunle Olubiyo,President, Nigeria Consumer Protection Network,has said.
Olubiyo,in a statement on Friday,said Tinubu’s action has further deepen true federalism and redefine inclusiveness in the country.
According to him,states now have ample opportunity to generate,transmit and
distribute electricity in the country on account of the deregulation and break of monopoly of the nation’s electricity market.
He also maintained that the new Act will promote competitive electricity market and give end users the right to alternatives .
He added:”The 36 state governments can now partner with local and foreign Investors to invest in electricity sector value chain within their jurisdiction/states.This will be devoid of unnecessary bureaucratic bottle neck of notorious Federal Government Institutions that have in the past deliberately frustrated efforts by States like Lagos and Rivers state governments in addressing challenges of stable power supply in their domain.
“This will create employment opportunities, upscale social security,re – industrialisation,
sustainable growth and development at the grassroots and the country in general”
