Tinubu Signs Electricity Act 2024 Mandating GENCOs To Fund Development Of Host Communities

President Bola Tinubu on Friday signed into law the Electricity Act (Amendment) Bill, 2024, which seeks to address grievances and foster development in communities impacted by power generation activities.

The bill, sponsored by Hon. Babajimi Benson, who represents Ikorodu Federal Constituency of Lagos State, was passed by the House of Representatives on July 27, 2023, and the Senate on November 14, 2023.