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    UK Court awards £20m Damages in favour of Nigeria against P&ID

    FG, States, LGs share ₦2.00 Trillion for month of July 2025

    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

    Only 23% of Nigerians trust INEC- Report says

    APGA candidates win Anambra by-elections

    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

    Onitsha River Port receives first container barge for 2025 season

    Onitsha River Port receives first container barge for 2025 season

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    WAEC releases 2025 WASSCE results, how to check yours

    President Buhari commissions the new US$100m Ultra-modern MMIA Terminal

    Festus Keyamo – Our Plans for the Murtala Mohammed International Airport Lagos

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    Conoil Plc reports 88.8% drop in profit to N900 million in H1 2025

    Brent crude oil price rise above $70 on OPEC projections

    OPEC+ agrees to increase oil production for September

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

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    United States scraps visa dropbox service for Nigerian applicants

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    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

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    Shareholder’s resolutions at Guaranty Trust Bank’s Annual General Meeting

    GTBank gets ₦365.85 billion capital injection, meets new minimum capital requirement

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    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

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    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

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Lawmakers pass bill to allow states in Nigeria supply their own electricity

Wednesday, 2 March 2022, 7:30 am
in News
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Rice importation ban: Bill prescribes life imprisonment for offenders
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Nigeria lawmakers on Tuesday passed a constitutional amendment bill that will allow state governments generate, transmit and supply electricity, a move that will break the monopoly of the federal government.

The bill which passed in the both the House of Representatives and the Senate is part of several amendment bills to 1999 constitution.

Both chambers voted and passed “A Bill For An Act to alter the provision of the Constitution of the Federal Republic of Nigeria, 1999 to allow States generate, transmit and distribute electricity in areas covered by the national grid; and for related matters.”

A Bill For An Act to alter the provision of the Constitution of the Federal Republic of Nigeria, 1999 to allow States generate, transmit and distribute electricity in areas covered by the national grid; and for related matters.

Ayes 298
Nays 2

Ayes have it.

— House of Reps NGR (@HouseNGR) March 1, 2022

The bill now has to be approved by the lawmakers in the 36 states in the country before it will be signed into law by the president.

Read also: Finally, Buhari signs amended electoral bill into law

Nigeria’s installed electricity generation capacity is estimated at 13,000 megawatts but only 7,500 megawatts is available. Meanwhile, less than 4,000 megawatts is distributed daily to the grids, in a country with over 200 million people.

Also a bill to allow independent candidates to contest in Presidential, Governorship, National Assembly, State Houses of Assembly and Local Government Councils elections was passed.

A Bill For an Act to alter the provisions of the Constitution of the FRN, 1999 to provide for independent candidacy in Presidential, Governorship, National Assembly, State Houses of Assembly and Local Government Councils elections;and for related matters
Ayes 269
Nays 28
Passed

— House of Reps NGR (@HouseNGR) March 1, 2022

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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