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

    President Trump proposes US$10 billion to rebuild Gulf energy infrastructure

    Trump TV Goes Live as CNN and Co. Halt White House Coverage

    Trump TV Goes Live as CNN and Co. Halt White House Coverage

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    FG suspends Commandant as 37 Suspected Miners Die in NSCDC Custody in Niger State

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    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

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    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

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    NGX Updates HBM Nigeria’s Trading Symbol to HBMNG

    NGX Updates HBM Nigeria’s Trading Symbol to HBMNG

    WAEC, NECO Fees Jump 82% to N50,000 From 2027

    FG Suspends Planned N50,000 WAEC, NECO Fee Hike

    • Policies
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    • Economic Data
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    • Companies
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    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

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    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

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    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

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    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

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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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