Section 53 Electricity Act 2023

Section 53 of the Electricity Act 2023 is about Functions and powers of the Commission. It is under Part V (Establishment, Functions and Powers of the Nigerian Electricity Regulatory Commission) of the Act.

The funds of the Commission shall consist of —

(a) fees, charges and other income accruing to the Commission from licensees and other things done by it in terms of this Act, excluding any fines or penalties recovered under this Act;

(b) funds allocated to the Commission by the National Assembly, under a request by the Commission for additional funds required to meet its reasonable expenditures; and

(c) such other money as may vest in or accrue to the Commission, whether in the course of its operations or otherwise.