Voice Air Media, News Update
President Bola Tinubu has signed the Electricity Act (Amendment) Bill 2024 into law.
Ajuri Ngelale, Special Adviser to the President, disclosed this in a statement on Friday.
The House of Representatives passed the bill on July 27, 2023, and the Senate followed suit on November 14, 2023.
The bill was sponsored by Babajimi Benson, representing Ikorodu federal constituency of Lagos State.
Accordingly, the Electricity Act (Amendment) Bill 2024 seeks to address the development and environmental concerns of host communities and sets aside five per cent of the actual annual operating expenditures of power-generating companies (GenCos) from the preceding year for the development of their respective host communities.
The bill further provides that the funds set aside for the development of host communities will be received, managed, and administered for infrastructure development in the host communities by a reputable trustee or manager to be jointly appointed by the respective GenCos and their host community.
News Update Niger State Police have confirmed the death of 53-year-old lecturer Abdulfatai Aiyede, who…
…sound body, strong spirit key to effective service - Gov. Says The Governor of Ondo…
News Update The Governor of Ondo State, His Excellency, Dr. Lucky Orimisan Aiyedatiwa, has approved…
News Update The Chairman of the All Progressives Congress (APC) in Obokun Local Government Area…
News Update Gov. Nwifuru Sacks All Political Appointees, Traditional Rulers, Town Unions, Village Heads From…
THE Bauchi State Economic Council has approved the payment of monthly stipends to Imams and…