• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Energy

Senate passes 2025 Electricity Act Amendment Bill for second reading to address sector collapse 

Olalekan Adigun by Olalekan Adigun
July 9, 2025
in Energy, Sectors
Sterling Bank CEO advocates for AI dev’t to maintain global competitiveness
Share on FacebookShare on TwitterShare on Linkedin

The Senate has passed the Electricity Act (Amendment) Bill, 2025 through second reading, as part of efforts to rescue Nigeria’s struggling power sector from imminent collapse.

Sponsored by Senator Enyinnaya Abaribe (Abia South), the amendment aims to overhaul the 2023 Electricity Act by addressing regulatory loopholes.

During the debate, some lawmakers also proposed capital punishment for individuals convicted of vandalizing power infrastructure.

RelatedStories

No Content Available

Leading the debate, Senator Abaribe, who also chairs the Senate Committee on Power, warned that the country’s electricity industry is buckling under the weight of inefficiencies and financial mismanagement as the Federal Government is currently indebted to the tune of over N4 trillion in the power sector.

He noted that the current law contains minimal penalties for offenders, has not been fully operationalised, and lacks clarity on key regulatory provisions, especially regarding funding, labour rights in essential services and the role of state governments following recent constitutional reforms.

“Electricity is an essential service. No one should hold the country to ransom under the guise of a strike. We must remove ambiguities and make the law implementable,” he stated.

Abaribe also criticised the refusal of some electricity distribution companies to pay for power supplied, further compounding the sector’s instability.

In support of the bill, Senator Adamu Aliero, expressed concern over continued federal expenditure on the privatised power sector.

He criticised the financial burden still being carried by the government despite the privatisation of generation and distribution companies (GenCos and DisCos), recommending capital punishment for saboteurs of national assets.

“We’ve privatized power, yet trillions of naira are still being spent on behalf of private companies. More importantly, the growing threat of vandalism must be addressed. Vandals are sabotaging national assets and should face capital punishment if necessary,” Aliero said.

The bill proposes a range of reforms, including:

  • Criminalizing electricity infrastructure vandalism;
  • Clarifying the transfer of regulatory power from NERC to state governments;
  • Enhancing the operationalisation of the Electricity Consumer Assistance Fund;
  • Strengthening penalties and institutional oversight.

The amendment, which scaled second reading, has been referred to the committee on power to report back within 6 weeks.

What you should know 

The 2023 Electricity Act, passed under the administration of President Bola Tinubu, empowers states to regulate and distribute electricity within their territories, breaking away from decades of centralized control.

In December 2024, some stakeholders said attempts to amend the 2023 Electricity Act may deter investors.

Dr. Idowu Oyebanjo, Managing Director of Idfon Power Engineering Consultants, said the recent attempts by the National Assembly (NASS) to amend the Act could erode investor confidence in Nigeria’s power sector.


Follow us for Breaking News and Market Intelligence.
Tags: Electricity Act Amendment Bill
Olalekan Adigun

Olalekan Adigun

Olalekan Adigun is a seasoned political analyst and writer with extensive experience in crafting compelling narratives and executing strategic initiatives. Known for his insightful commentary on governance, policy, and socio-economic issues, he has contributed to various national and international platforms.

Related Posts

No Content Available
Next Post
Trump halts tariff hikes on most trade partners, raises China duties to 125% 

Trump courts African mineral-rich nations, snubs Nigeria and South Africa in strategic White House summit 

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document
  • Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC
  • Oyo State approves N7.7 billion for two surveillance aircraft to combat insecurity 

Follow us on social media:

Recent News

IGP prosecutes Nigerian businessmen over alleged N13.5 billion forex fraud dispute  

IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document

July 9, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 

Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC

July 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics