GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Tinubu approves updated Electricity Act.

samuel Ayoola by samuel Ayoola
February 9, 2024
in News
Reading Time: 1 min read
Breaking News: President Bola Tinubu appoints six executive directors for NPA, NIMASA
110
SHARES
Advertisements

President Tinubu, with the counsel of his Special Adviser on Media and Publicity, Ajuri Ngelale, formally ratified the Electricity Act (Amendment) Bill, 2024, into law, as disclosed in a statement issued on Friday titled ‘President Tinubu assents to Electricity Act (amendment) bill.’

This significant legislation aims to address the concerns surrounding development and the environment in host communities. Notably, it mandates that five percent of the actual annual operating expenditures of power generating companies from the previous year be allocated for the development of their respective host communities.

READ ALSO

No Governor in Nigeria Will Oppose President Bola Tinubu’s re-election in 2027

INEC Begins National-Level Training Ahead of 2027 General Elections

The bill, which received approval from both the House of Representatives on July 27, 2023, and the Senate on November 14, 2023, was championed by Babajimi Benson, representing the Ikorodu Federal Constituency of Lagos State.

Moreover, it stipulates that the funds designated for host community development will be overseen and administered for infrastructure projects by a reputable Trustee/Manager jointly appointed by the respective GENCO and their host community. Further details will be provided later.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

2024 Nigeria Higher Education Foundation (NHEF) Scholars Program

Next Post

Abuja To Experience Six-Hour Blackout On Saturday

Related Posts

No Governor in Nigeria Will Oppose President Bola Tinubu’s re-election in 2027

No Governor in Nigeria Will Oppose President Bola Tinubu’s re-election in 2027

Kaduna State Governor, Uba Sani, has stated that it would be difficult for any Nigerian governor to oppose President Bola...

Read moreDetails

INEC Begins National-Level Training Ahead of 2027 General Elections

INEC Begins National-Level Training Ahead of 2027 General Elections

INEC Kicks Off Nationwide Training Ahead of 2027 Elections, Online Voter Registration Begins August 18 As part of early preparations...

Read moreDetails

Drama as Court Jails Two TikTokers for Defaming Late Mohbad’s Wife

Drama as Court Jails Two TikTokers for Defaming Late Mohbad’s Wife

A Federal High Court in Lagos has ordered that TikTokers Saheed Osama and Uyime Udoekwere be remanded at the Ikoyi...

Read moreDetails

Federal Civil Service Online Recruitment Deadline Announced- Apply Now 

Federal Civil Service Commission

The Federal Civil Service online Recruitment Deadline has been announced. Apply now before the deadline. GoldenNewsNg reports that the Federal...

Read moreDetails

Cholera Outbreak: UNICEF to donate commodities to 6 LGAs in Niger

...As Cholera case hits 297 Dr. Gerida Birukila Report by Our Reporter The United Nations Children’s Fund (UNICEF) has on...

Read moreDetails

Apply for FCSC Massive Recruitment 2025: Over 70 Positions Available

Apply for FCSC Massive Recruitment 2025: Over 70 Positions Available

Apply for FCSC Massive Recruitment 2025: Over 70 Positions Available The Federal Civil Service Commission (FCSC) has officially announced recruitment...

Read moreDetails

Naira to Dollar Exchange Rate Today – 21st July 2025

Naira to Dollar Exchange Rate Today - 21st July 2025

As of today, Monday, July 21, 2025, the Naira is trading at ₦1,532.34 per dollar in the official Nigerian Foreign...

Read moreDetails

Why FG Suspends Recruitment Into Paramilitary Agencies  ( CDCFIB Recruitment )

Why FG Suspends Recruitment Into Paramilitary Agencies

Why FG Suspends Recruitment Into Paramilitary Agencies  The Federal Government has announced the temporary suspension of recruitment into several of...

Read moreDetails

IET donates borehole to Niger CAN

CAN Chairman and IET Director General commissioning the borehole In a bid to sustain the existing peaceful relationship between Christian...

Read moreDetails

Breaking: Atiku Abubakar Officially Resigns from PDP

Breaking: Atiku Abubakar Officially Resigns from PDP

Atiku Abubakar Officially Resigns from PDP GoldenNewsNg reports that the Former Vice President of Nigeria, Atiku Abubakar, has formally resigned...

Read moreDetails
Load More
Next Post
Abuja To Experience Six-Hour Blackout On Saturday

Abuja To Experience Six-Hour Blackout On Saturday

SEARCH ADS

Latest Posts

CAC to Remove Inactive Companies from Its Register
business

CAC to Remove Inactive Companies from Its Register

No Governor in Nigeria Will Oppose President Bola Tinubu’s re-election in 2027
Headline

No Governor in Nigeria Will Oppose President Bola Tinubu’s re-election in 2027

Digitvant Microfinance Bank
business

Digitvant Empowers Over 500,000 Businesses with ‘Market Monie’ Loan Initiative

Sahara Impact Fund
Headline

Call for Application : Sahara Impact Fund SIF 4.0 Cohort ($30,000 Grant)

GEEP Partners with PreCEFI to Empower Small Businesses
Headline

GEEP Partners with PreCEFI to Empower Small Businesses

INEC Begins National-Level Training Ahead of 2027 General Elections
Headline

INEC Begins National-Level Training Ahead of 2027 General Elections

Morufu-Tunji-Alausa
Education

FG Launches N10 Million Loan Support for Staff of Universities, Polytechnics, and Colleges

Drama as Court Jails Two TikTokers for Defaming Late Mohbad’s Wife
Crime

Drama as Court Jails Two TikTokers for Defaming Late Mohbad’s Wife

Complete Guide on How to Apply for the NYSC YouthCred loan
Headline

Complete Guide on How to Apply for the NYSC YouthCred loan

N50m Grant to Support STEEM Students
Education

Federal Government N50m Grant to Support STEEM Students: What to Know

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News