The Electricity Bill 2022, which permits states and private citizens to produce and distribute electricity, was approved by the Senate on Wednesday.
"Since electricity is on the concurrent list in the constitution, the law has permitted state governments to licence those who seek to operate mini-grids within the states," said Senator Gabriel Suswam (PDP, Benue), the chairman of the senate committee.
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"The bill also provides legal support for green energy," he stated. It is also allowed for you to choose to use solar energy to produce one megawatt of power.
"That is the only way to address the power issue. Now that the area is open, there are few restrictions on who can produce power and deliver it.
What is now attainable is that all produced energy must be connected to the national grid for transmission and distribution.
In the middle of debating the measure, Senate President Ahmed Lawan inquired about the function and capability of the banks that had taken over the Distribution Companies (DisCos) owed to them.
In response, Senator Suswam stated that the banks' acquisition of the DisCos was properly conducted out in coordination with the Bureau of Public Enterprises and the Nigerian Electricity Regulatory Commission (NERC) (BPE).
He also revealed that the federal government had paid Siemens $100 million to begin transmission in the