Senate President Godswill Akpabio has said that lawmakers are not in the Senate to make money but to make sacrifices for future generations.
Akpabio stated this on the floor of the Senate during debate on the general principles of the Bill for an Act to amend the Electricity Act, 2023, sponsored by Enyinnaya Abaribe, representing Abia South on the platform of the All Progressives Grand Alliance (APGA) and Chairman of Senate Committee on Power.
Specifically, it is meant to address emerging issues in the Nigerian electric power sector, enhance policy and regulatory coordination, strengthen sectoral financing, protect critical electricity infrastructure and foster industrial relations in the sector.
It is also meant to clarify transitional arrangements, redefine host community engagements by licensees operating in the Nigerian electricity supply industry; and for related matters, 2025 (SB. 862), according to the sponsors.
Akpabio, while stressing that Nigeria’s quest for industrial growth would continue to suffer greatly without electricity, noted that every stakeholder was actually looking forward to a total overhaul of the electricity sector, adding: “People think we are here in the Senate to make money, not knowing that we are here to sacrifice for future generations.
“When amended, passed and signed into law, it would help clarify ongoing transitional provisions for the transfer of intrastate electricity matters from the Nigerian Electricity Regulatory Commission (NERC) to state governments, especially matters having bearing on the operation of the national grid system and other overlapping issues.”
Before scaling the second reading in the Senate, and being referred back to his committee for further legislative action, with a mandate to report back at plenary in six weeks, Abaribe had traced its journey from the time it was read the first time on Wednesday 25 June 2025.
His words: “The primary objective of this Bill is to address critical issues that have emerged since the Implementation of the EA, 2023. 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;
“Criminalise critical electricity infrastructure vandalism in the face of the rising wave of recurrent sabotage by vandals, foster industrial relations in the sector by balancing labour rights in the context of essential services as recognised by domestic and International best labour practices and Instruments;
“Clarify ongoing transitional provisions for the transfer of intrastate electricity matters from the Nigerian Electricity Regulatory Commission (NERC) to State Governments especially matters having bearing on the operation of the national grid system and other overlapping issues;
“Clarify the framework for the operationalisation of the Power Consumer Assistance Fund to address subsidies to vital social services and underprivileged consumers as a paradigm shift from the current subsidy arrangement that has left government with huge trillions of Naira in deficit of subsidy payments.
“Re-define and make provision for a sector-wide framework to guide host community engagements by licensees operating in the Nigerian Electricity Supply Industry (NEST) across the power value chain; remove inherent ambiguities in a few provisions of the Principal Act to allow for darity, elegance and smooth implementation; and fortify existing institutional and legal frameworks of the NESI etc.”