Section 52 Electricity Act 2023

Section 52 of the Electricity Act 2023 is about Annual programmes and budgets of the Commission. It is under Part V (Establishment, Functions and Powers of the Nigerian Electricity Regulatory Commission) of the Act.

(1) The Commission shall prepare and submit to the Minister, on or before such date as the Minister may specify before the beginning of every financial year, a budget showing the expenditures which the Commission proposes to incur in respect of that financial year in order o carry out the functions of the Commission.

(2) he Commission may, during any financial year, prepare and submit to the Minister a supplementary budget relating to expenditures which were inadequately provided for in the annual budget due to unforeseen circumstances.

(3) A supplementary budget shall be deemed to form part of the annual budget of the Commission for the financial year to which it relates.

(4) The Commission may vary a budget prepared under this section, provided that no variation may be mace which has the effect of increasing the total amount of expenditure provided for in the budget.