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Nigerians React As A Representative Babajimi Benson Calls On President Bola Tinubu To Approve Electric Power Sector Reform Act (Details)
The Member representing Ikorodu Federal Constituency in Lagos State, Rep Babajimi Benson, has urged President Bola Tinubu to give his assent to the Electric Power Sector Reform Act. Benson expressed the view that the bill is a positive development for host communities, emphasizing its potential to allocate 5 percent of the actual operating expenditure around the Egbin thermal power station to benefit his constituents….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

In a signed statement, Babajimi highlighted the significance of these funds in facilitating the development of host communities, alleviating the impact of activities carried out by Power Generating Companies (GENCOs). He pointed out that the bill, which received concurrence from the National Assembly, specifically addresses concerns related to host communities and related matters.
Babajimi explained, “Once approved by the President, host communities, particularly those around the Egbin Thermal Power Station in Ikorodu Federal Constituency, will receive 5% of the actual annual operating expenditure from the various Power Generating Companies (GENCOs) operating within their community in the preceding financial year.”
He stressed that these allocated funds would be directed towards the development of the communities, mitigating the effects of GENCO activities. Babajimi regarded this as a significant milestone, anticipating that communities would fully benefit from hosting GENCOs and that it would guide GENCOs in implementing targeted developmental projects. He expressed gratitude to fellow legislators in the Senate and House of Representatives for their commitment to passing the bill, urging the President to promptly assent to it.
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