• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Energy

Power: Reps seek to amend 2005 reform act to boost efficiency

William Ukpe by William Ukpe
September 24, 2021
in Energy, Spotlight
National grid collapse ,NERC

Electricity - Power grid (Image credit: Getty images)

Share on FacebookShare on TwitterShare on Linkedin

The House of Representatives is seeking to amend the Power Reform Act of 2005, in a bid to boost efficiency in the sector and also create a new renewables energy agency.

This was disclosed by Rep Magaji Aliyu, Chairman, House Committee on Power, on Thursday during the discussion on the general principles of the bill, reported by the News Agency of Nigeria.

The Committee Chair said the amendment was with a view to providing the legal and institutional framework for the implementation and coordination of rural electrification projects. They also called for the establishment of a National Power Training Institute and Regulatory Provisions, as well as the establishment of a Rural Electrification and Renewable Energy Agency, introducing new clauses including the “94a,” after the existing section 94 in the principal Act to provide stiffer penalties for crimes committed against electrical infrastructure.

RelatedStories

FG set to create at least 5 million jobs for youths in the power sector – Minister of Power , Consortium of Western investors to inject upwards of $5 billion in Nigeria's renewable energy sector, Power: Nigeria's deal with Siemens - the birth of a new era?

Consortium of Western investors to inject upwards of $5 billion in Nigeria’s renewable energy sector

September 2, 2020
Minister of power, Second largest hydropower project in Africa to finally take off after settlement of legal dispute

COVID-19: Minister of Power instructs contractors back to site as lockdown eases

July 12, 2020

Read: Six things you need to know about the PIB signed by President Buhari

What the reps committee said

“For about one and a half decade, the Act has not been amended until now, following increasing challenges that affect the efficiency, corporate stability and prospects of the power sector,” he said.

In an exercise of its powers, the Committee on Power initiated an amendment of the Act aimed to overcome the challenges for a better power sector in Nigeria.

They added that the proposal was supported by inputs from stakeholders, including the Federal Ministry of Power, Nigerian Electricity Management Services Agency (NEMSA), power generation companies, the Association of Nigerian Electricity Distributors (ANED), and the National Power Training Institute of Nigeria. The House of Reps passed the bill and referred to the committee on power for further legislative actions.

Read: Electoral Bill: Senate says INEC can only transmit results electronically with NCC’s endorsement

In case you missed it

Recall that Nairametrics reported earlier this month that the federal government said that it has begun moves to reduce the cost of gas for power generation across the country as part of efforts to boost the manufacturing sector.

Minister for Industry, Trade and Investments, Otunba Niyi Adebayo, said that all stakeholders need to work together towards developing measures to improve the cost competitiveness of the manufacturing sector in order for Nigerian industries to lead the transformation of the country and Africa’s economy.

Tags: Association of Nigerian Electricity Distributors ANEDFederal Ministry of PowerNigerian Electricity Management Services Agency (NEMSA)
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

FG set to create at least 5 million jobs for youths in the power sector – Minister of Power , Consortium of Western investors to inject upwards of $5 billion in Nigeria's renewable energy sector, Power: Nigeria's deal with Siemens - the birth of a new era?
Energy

Consortium of Western investors to inject upwards of $5 billion in Nigeria’s renewable energy sector

September 2, 2020
Minister of power, Second largest hydropower project in Africa to finally take off after settlement of legal dispute
Energy

COVID-19: Minister of Power instructs contractors back to site as lockdown eases

July 12, 2020
Discos call for sanctions on perpetrators of electricity theft to curtail monthly loss of N30 billion
Energy

Discos call for sanctions on perpetrators of electricity theft 

June 26, 2020
Hike in electricity tariff inevitable, as FG introduces a new policy, Power sector loses N19.15 billion to gas shortages, transmission infrastructure challenges, Second largest hydro power project in Africa to finally take off after settlement of legal dispute
Energy

Minister of Power states the impact of COVID-19 on power sector

June 17, 2020
FG appoints Eweluka as NBET MD, as finance, power ministers wrestle
Energy

FG appoints Eweluka as NBET MD, as finance, power ministers wrestle

June 16, 2020
A wholistic approach to Nigeria’s power and agricultural sector challenges
Politics

A wholistic approach to Nigeria’s power and agricultural sector challenges

May 20, 2020
Next Post
EU plans to make USB-C a common charger mandatory for all devices including Apple iPhones

EU plans to make USB-C a common charger mandatory for all devices including Apple iPhones

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Wedex 2025—One day, one house, one goal
  • Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 
  • Anambra Govt acquires land in Aguata, Orumba for new industrial city 

Follow us on social media:

Recent News

Wedex 2025—One day, one house, one goal

Wedex 2025—One day, one house, one goal

June 12, 2025
Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 

Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 

June 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics