President Bola Ahmed Tinubu has handed the Electrical energy (Modification) Invoice 2024 into legislation.
Tinubu's spokesperson, Ajuri Ngelale, made this identified in an announcement on Friday.
The invoice, initially sponsored by Honorable Babajimi Benson, representing Ikorodu Federal Constituency in Lagos State, was handed by each Homes of Parliament in July and November 2023 respectively.
The Electrical energy Act Modification Invoice, 2024 goals to handle the event and environmental challenges of host communities and units apart 5 % of the particular annual working expenditure of energy technology corporations (GENCOs) of the earlier yr for the event of their respective host communities.
The invoice additional supplies that the funds earmarked for the event of host communities shall be acquired, administered and administered for the event of infrastructure within the host communities by a good trustee/supervisor, who shall be collectively appointed by the respective GENCO and their host neighborhood .
