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President Bola Tinubu Signs Electricity Act 2023 Into Law, Set To Promote Private Sector Investment

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The Electricity Act 2023, which was initially enacted by MPs in July 2022, has received President Bola Ahmed Tinubu’s approval.

The Electricity and Power Sector Reform Act of 2005 will be replaced by the Electricity Act. It offers a framework to direct the Nigerian Electricity Supply Industry’s (NESI) post-privatization phase and promote private sector investment in the industry.

Highlighted below are some of the functions the Electricity Act seeks to guide; 

State electricity empowerment 

The de-monopolization of Nigeria’s electricity generation, transmission, and distribution of electricity at the National level empowers states, companies, and individuals to generate, transmit and distribute electricity.

Under the Act, states can issue licenses to private investors who can operate mini-grids and power plants within the state. However, the Act precludes interstate and transnational electricity distribution. 

Powers of NERC 

Under the Electricity Act 2023, the Nigerian Electricity Regulatory Commission (NERC) will be able to regulate the electricity sector within Nigeria without prejudice to the powers of the states to make laws and create electricity markets within those states and to regulate those markets. 

The Act mandates how NERC can transition regulatory responsibilities from itself to state regulators when they are established. Until a state has passed its electricity market laws, NERC will continue to regulate electricity business exclusively carried out in those states. 

For now, Lagos, Edo, and Kaduna states already have electricity market laws and can start regulating their market. But for other states without such laws, NERC will regulate. NERC will still carry out cross-border regulations – generation, and transmission across states will still be regulated by NERC. 

Role of lawmakers 

The Act grants lawmakers the power to carry out oversight responsibilities and function over the NESI through its respective Committees on Power in the Senate and House of Representatives. This is to be carried out notwithstanding the supervisory powers of any government Ministry over government-owned enterprises or other entities operating in the Nigerian electricity supply industry.  

Empowering renewable energy 

Electricity generation licensees are obligated to meet renewable generation obligations as may be prescribed by NERC. Under the Act, electricity generating companies will be mandated to either generate power from renewable energy sources, purchase power generated from renewable energy, or procure any instrument representing renewable energy generation. 

The Electricity Act also mandates the imposition of renewable purchase obligations on distribution or supply licensees. 

What you should know

The Act also states that anyone may construct, own or operate an undertaking for generating electricity not exceeding 1 megawatt (MW) in aggregate at a site or an undertaking for distribution of electricity with a capacity not exceeding 100 kilowatts (KW) in aggregate at a site, or such other capacity as NERC may determine from time to time, without a license. 

 

Credit: Nairametrics

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Brazilian Court Orders Suspension Of X, Threatens To Fine Citizens Who Use VPN $8,900

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Brazil’s supreme court has ordered the suspension of X, formerly Twitter, after Elon Musk failed to meet the deadline to appoint a new legal representative for the social media platform in the country.

In a ruling on Friday, Presiding Judge Alexandre de Moraes ordered the “immediate, complete and comprehensive suspension of the operation of” X in Brazil.

According to Judge Moraes, “The national communications agency must take all necessary measures to implement this order until X complies with all court orders and pays existing fines amounting to $3.28 million.”

Additionally, Moraes warned that using “technological subterfuges,” such as virtual private networks (VPNs), to circumvent the suspension would incur a fine of $8,900.

According to the judge, inciting speech has been spread through X and is harming Brazil’s democracy.

“We have a right to defend fundamental rights. Those who violate democracy, who violate fundamental human rights, whether in person or through social media, must be held accountable,” Moraes said.

The row began in April, with the judge ordering the suspension of dozens of X accounts for allegedly spreading disinformation.

Reacting to the decision, Musk accused the judge of violating free speech for political purposes.

X, via its official handle, tweeted “power to the people in Brazil and everywhere else”.

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Eguavoen To Lead Super Eagles As German Tax Policy Disrupts Labbadia’s Appointment

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The Nigeria Football Federation (NFF) has announced that Bruno Labbadia’s appointment as Super Eagles head coach has been terminated due to stringent German tax regulations.

As a result, Technical Director Augustine Eguavoen will take charge of the team for the upcoming 2025 Africa Cup of Nations qualifying matches against, Benin Republic (Uyo, September 7), Rwanda (Kigali, September 10).

This marks Eguavoen’s fourth stint as Super Eagles coach, following previous tenures in 2005-2007, 2010, and 2022.

According to NFF President Ibrahim Gusau, the federation cannot offset the concomitant tax percentage on the German coach’s salary.

According to him, the issue of offsetting the coach’s tax was not part of the initial agreement before the announcement of his appointment.

“We have been on the tax issue for the past three days, and I told him clearly that there was no way the NFF will agree to offset the concomitant tax percentage on his salary that will be demanded by German tax authorities. It is not possible for us to shoulder the responsibility of shelling out another money, between 32% to 40% of his salary, after paying the agreed monthly wage.

“The NFF and Mr. Labbadia reached an agreement in principle before we made the announcement that he would become the Head Coach of the Super Eagles. The tax details were never part of our discussions, and he had personally agreed to all terms before the tax issue came up.

“We were doing our best to be flexible in the discussions but he was adamant that the NFF had to pay the full tax amount as well. We simply cannot do that,” President of NFF, Gusau, said on Friday evening.

The NFF had on Tuesday announced its agreement with the German tactician to mount the saddle as the head coach of the Super Eagles.

Labbadia would have become the sixth German, after Karl-Heinz Marotzke (who had two stints between 1970 and 1974), Gottlieb Göller (1981), Manfred Höner (1988-1989), Berti Vogts (2007-2008) and Gernot Rohr (2016-2021) to lead the Super Eagles.

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Gunmen Attack School In Yobe, Kill Three Students

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Tragedy struck at Faudiya Islamic School in Geidam Local Government Area of Yobe State as gunmen attacked the institution, killing three students.

According to Dungus Abdulkarim, police spokesperson in Yobe, the assault occurred at approximately 3:45 am on Friday.

The gunmen, armed with dangerous weapons, arrived on about 10 motorcycles, storming the school premises.

Initially, the assailants planned to abduct four students, but instead chose to kill them to avoid the burden of taking them into the forest.

One student who attempted to escape suffered injuries and is currently receiving hospital treatment.

According to The Cable, Abdulkarim said, “It is confirmed, the divisional police headquarters at Geidam received the report this morning by a certain individual that there was an attack on a particular school,”

“We mobilised our men, and they went there and evacuated three dead persons and one with a bullet wound and was admitted to the hospital.

“The attackers came on a motorcycle, about 10 of them, carrying deadly arms such as AK-47 rifles and other items.

“They entered the school and took four of the students and killed three instantly and injured one person.

“The information we received from one of the injured persons was that the attackers invaded and told them they were there to abduct them to the forest and kill them, but they did not want to carry any load; in that regard, ‘we will just kill you here’.

“We are still investigating to find out the perpetrators and why the attack on the school.

“The attack occurred at exactly 3:45 to 4:00 am today. The school is a day and boarding school. There is a quarter in the school.”

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