07 August 2013, Abuja – The Ministry of Power has said its planned review of Nigeria’s almost eight years old Electric Power Sector Reform, EPSR, Act is intended to keep the sector abreast with extant changes in the emerging electricity market.
The ministry said it was already looking ahead to obvious challenges that would arise in a post privatised power sector; hence, its decision to initiate the review of the electricity legislation which was made in a period when the power sector was wholly a federal government affair.
According to a statement from the ministry in Abuja, its intention for the planned review of the 2005 EPSR Act which was borne out of the 2003 National Electricity Power Policy, NEPP, was to ensure that maximum benefits from ongoing reform process in the power sector would accrue to Nigerians.
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