Pulse Nigeria is the most followed news and entertainment platform, informing and engaging young Nigerians round the clock, providing updates by the hour.

Pulse Nigeria

Ngelale added that the set-aside fund would be used for the infrastructural developments of host communities of the GENCOs.

President Tinubu signs amended Electricity Act bill into law | Pulse Nigeria

News Agency Of Nigeria

<h2>President Bola Tinubu has signed the Electricity Act (Amendment) Bill 2024 into law, the News Agency of Nigeria (NAN) reports.</h2>

The bill, which was passed by both the House of Representatives and the Senate in 2023, was sponsored by Hon. Babajide Benson of Ikorodu constituency of Lagos State.

The Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, said that the law would address the development and environmental concerns of host communities.

He said it would also facilitate setting aside 5 per cent of the actual annual operating expenditures of power-generating companies (GENCOs) from the preceding year for the development of their respective host communities.

Ngelale added that the set-aside fund would be used for the infrastructural developments of host communities of the GENCOs.

He said that the fund would be received, managed and administered by a reputable Trustee/Manager to be jointly appointed by the respective GENCOs and the host communities.

President Tinubu signs amended Electricity Act bill into law

Pulse Picks

Business

News

Entertainment

Lifestyle

Politics

Local

Metro

World

News 

Celebrities

Music

Movies

Fashion

Beauty & Health

Relationships & Weddings

Food & Travel

Domestic

International 

Sports 

Celebrity Picks

Pulse Marketing

Explore categories

Influencer Awards

Company Pages

Breaking News & Top Stories | Pulse Nigeria

Video

Checkout our authors for the latest content across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria 

Authors | Pulse Nigeria

| Pulse Nigeria

Read the latest news across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria

Search for the latest content across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria

Search Results | Pulse Nigeria

Watch the latest videos across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria