Section 43 Electricity Act 2023

Section 43 of the Electricity Act 2023 is about Remuneration and expenses of Commissioners. It is under Part V (Establishment, Functions and Powers of the Nigerian Electricity Regulatory Commission) of the Act.

(1) Commissioners shall bz paid from the funds of the Commission —

(a) such remuneration, if any, as the Commission may determine, having regard to the recommendations of the National Salaries, Incomes and Wages Commission; and

(b) such allowances, if any, as the Commission, may determine, having regard to the recommendations of the National Salaries, Incomes and Wages, Commission, to meet any reasonable expenses incurred by such Commissioners in connection with the business of the Commission.

(2) While making recommendations, the National Salaries, Incomes and Wages Commission shall have due regard to the following principles —
(a) the specialised nature of work to be performed by the Commission;
(b) the need to ensure the financial self-sufficiency of the Commissioners;

(c) the salaries paid in the private sector to individuals with equivalent responsibilities, expertise and skills:
(d) the nature of the expenses incurred by the Commissioners, including national and international travel expenses; and
(e) such other considerations that may be necessary to arrive at a fair and competitive salaries and allowances recommendation for Commissioners.