FG Breaks Electricity Industry monopoly

The Federal Government has taken further steps to break electricity industry monopoly after President Muhammadu Buhari signed into law the constitutional amendment that allows the state government to license, generate, transmit, and distribute electricity.

This was made known in a tweet by the Presidential Media Spokesperson, Tolu Ogunlesi, on Friday.
He tweeted, “ President #MBuhari has signed 16 Constitution Amendment Bills into Law. By this signing, State Houses of Assembly & Judiciaries now have constitutionally guaranteed financial independence, while Railways have moved from Exclusive Legislative List to the Concurrent List.

“Another landmark change: By virtue of the Presidential Assent, Nigerian States can NOW generate, transmit and distribute electricity in areas covered by the national grid. Wasn’t allowed pre-amendment. This is genuine, realistic restructuring — through the Constitution.

Next Post

Leave a Reply

Your email address will not be published.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