Tinubu officially approves electricity act (Amendment) bill President Bola Tinubu has given his official endorsement to the Electricity Act (Amendment) Bill, 2024, signifying a crucial stride in addressing developmental and environmental concerns within host communities. The legislation, sponsored by Honourable Babajimi Benson of Ikorodu Federal Constituency, was successfully passed by both the House of Representatives on July 27, 2023, and the Senate on November 14, 2023. READ ALSO: Nigeria, Germany sign agreement to implement PPI for improved electricity supply The newly enacted law mandates power generating companies (GENCOs) to allocate five percent of their...