Section 150 Nigerian Electricity Act 2023
Section 150 Electricity Act 2023 Section 150 of the Electricity Act 2023 is about Exemption from income tax. It is under Part XVI (Rural Electrification Agency) of the Act. All sources of money paid into the REF as specified in section 146 (1) of this Act shall be exempt from income tax.
Section 149 Nigerian Electricity Act 2023
Section 149 Electricity Act 2023 Section 149 of the Electricity Act 2023 is about Expenditure of the Agency. It is under Part XVI (Rural Electrification Agency) of the Act. The Agency shall, as may be approved by the Board, apply money from the REF created under section 142 of this Act or any other fund […]
Section 148 Nigerian Electricity Act 2023
Section 148 Electricity Act 2023 Section 148 of the Electricity Act 2023 is about Fine for non-payment of amount owed. It is under Part XVI (Rural Electrification Agency) of the Act. Any person who fails to pay to the REF within the prescribed time, any amount owed, shall be liable to a fine no: exceeding […]
Section 147 Nigerian Electricity Act 2023
Section 147 Electricity Act 2023 Section 147 of the Electricity Act 2023 is about Criteria for allocation of the REF. It is under Part XVI (Rural Electrification Agency) of the Act. (1) The Agency shall, in consultation with the Minister —(a) establish objective and transparent criteria for the geographical allocation of resources from the REF […]
Section 146 Nigerian Electricity Act 2023
Section 146 Electricity Act 2023 Section 146 of the Electricity Act 2023 is about Contribution payment for REF. It is under Part XVI (Rural Electrification Agency) of the Act. (1) All licensees and eligible customers liable to make contributions under section 123 of this Act shall make contributions to the REF at the rates and […]
Section 145 Nigerian Electricity Act 2023
Section 145 Electricity Act 2023 Section 145 of the Electricity Act 2023 is about Contribution rates for the Rural Electrification REF. It is under Part XVI (Rural Electrification Agency) of the Act. (1) The Commission shall determine the rate of any contribution payable by eligible customers and licensees into the REF. (2) The Commission, while […]
Section 144 Nigerian Electricity Act 2023
Section 144 Electricity Act 2023 Section 144 of the Electricity Act 2023 is about Management of the REF. It is under Part XVI (Rural Electrification Agency) of the Act. The REF shall be managed by the Fund Management Directorate of the Agency under the direct supervision of the Executive Director, Fund Division in accordance with […]
Section 143 Nigerian Electricity Act 2023
Section 143 Electricity Act 2023 Section 143 of the Electricity Act 2023 is about Purpose of the REF. It is under Part XVI (Rural Electrification Agency) of the Act. The purpose of the REF established under section 142 of this Act shall be to promote, support and provide sustainable and renewable rural electrification programmes and […]
Section 142 Nigerian Electricity Act 2023
Section 142 Electricity Act 2023 Section 142 of the Electricity Act 2023 is about Establishment of the Rural Electrification Fund. It is under Part XVI (Rural Electrification Agency) of the Act. There is established the Rural Electrification Fund (in this Act referred to as “the REF ”) into which money from the following sources shall […]
Section 141 Nigerian Electricity Act 2023
Section 141 Electricity Act 2023 Section 141 of the Electricity Act 2023 is about Functions of Executive Directors and Directorates of the Agency. It is under Part XVI (Rural Electrification Agency) of the Act. (1) The Executive Directors of the Agency appointed under this Act shall possess academic and professional qualifications in the fields of […]