Senate President, Godswill Akpabio, has said that lawmakers serve to sacrifice for future generations rather than to enrich themselves.
Akpabio disclosed this during Wednesday’s plenary, while contributing to a debate on the general principles of the Bill for an Act to amend the Electricity Act, 2023. The Bill was sponsored by the Chairman of the Senate Committee on Power, Senator Enyinnaya Abaribe.
According to him, “People think we are here in the Senate to make money, not knowing that we are here to sacrifice for future generations”.
Akpabio emphasised that everyone is anticipating a complete revamp of the electrical sector, and stated that the country’s industrial growth would be impossible without electricity.
If the Bill is enacted, amended and signed into law. In that case, it will, among other things, clarify the ongoing transitional measures for the Nigerian Power Regulatory Commission (NERC) to transfer intrastate power concerns to state governments.
Akpabio sent the Bill to the Committee on Power for more legislative action after it passed second reading on the Senate floor. In six weeks, the committee is expected to report back to the plenary.
Specifically, the Bill seeks to introduce provisions that will enhance policy and regulatory coordination between national and sub national governments to avoid legal disputes and inconsistencies; Strengthen sectoral financing in the face of crippling sector debt crisis:
