By Ajisafe Olayiwola President Bola Tinubu has approved the new Electricity Act, which replaces the 2005 Electricity and Power Sector Reform Act. The Electricity Act was first passed in July 2022 in the administration of former President Muhammadu Buhari. The new bill seeks to promote private sector investments in the Nigerian power sector and de-monopolise the nation’s electricity generation, transmission, and distribution at the national level. Below are 10 benefits of the assented 2023 Electricity Act 1. The passage means that ...
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10 benefits of 2023 Electricity Act Bill signed by Asiwaju Tinubu
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10 benefits of 2023 Electricity Act Bill signed by Asiwaju Tinubu
By Ajisafe Olayiwola President Bola Tinubu has approved the new Electricity Act, which replaces the 2005 Electricity and Power Sector Reform Act. The Electricity Act was first passed in July 2022 in the administration of former President Muhammadu Buhari. The new bill seeks to promote private sector investments in the Nigerian power sector and de-monopolise the nation’s electricity generation, transmission, and distribution at the national level. Below are 10 benefits of the assented 2023 Electricity Act 1. The passage means that ...
Read More »Russia holds West responsible for dam disaster – UN envoy
Sponsors encouraged Kiev to carry out its “terrorist” plans, the Russian envoy told the Security Council. Ukraine destroyed the Kakhovka dam in an “unthinkable crime” intended to harm Crimea for choosing Russia in 2014, Russia’s permanent representative to the UN Vassily Nebenzia told the Security Council on Tuesday. The Russian diplomat brought up US media reports documenting the Ukrainian attacks on the Kakhovka dam in December 2022, using the US-supplied HIMARS rockets. “Feeling its total impunity and being encouraged by ...
Read More »Kakhovka dam destruction: What you need to know
Moscow has accused Kiev of an act of deliberate sabotage that put at risk thousands of local residents. A major breach of the Kakhovka hydroelectric dam in Russia’s Kherson Region inundated huge swaths of land on the banks of the Dnieper River, prompting large-scale evacuation efforts in the area. Moscow claimed that the facility was damaged by a Ukrainian strike, while Kiev placed the blame on Russia. Built in 1956, the 30-meter tall and 3.2-kilometer-long Kakhovka hydroelectric dam contains some ...
Read More »Reps warn FG against terminating e-passport contract
By Leke Baiyewu The House of Representatives, on Tuesday, warned the Federal Government against terminating the contract signed with a private firm, Iris Smart Technologies Limited, for the production of electronic passports booklets. According to the House, procuring the equipment capable of putting the latest security features in the Nigerian e-passport will cost the government about N22bn. The legislative chamber also warned that the production and supply of 10 million booklets by the firm would be disrupted. These are part of ...
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