The House of Representatives has resolved to review the extant laws, regulations, policies, and contractual arrangement guiding the Power Sector Reform. This is sequel to a motion of urgent national importance on the need to review and investigate the Nigerian power sector sponsored by Representative Ifeanyi Momah (PDP) Anambra state.
According to Rep. Momah before 1998, the National Electric Power Authority (NEPA) was almost exclusively responsible for electricity generation, transmission and distribution h Nigeria. And this birthed the Electricity (Amendment) Decree 1998 and the National Electric Power Authority (NEPA) (Amendment) Act 1998 which terminated the monopoly status of NEPA and inviting private sector participation in the electricity sector.
The lawmaker notes that this eventually led to the National Electric Power Policy of 2001, resulting in the power sector reform in Nigeria, leading this reform process to the National Assembly passing into law, the Electric Power Sector Reform (EPSR) Act 2005 which provided for:
The house express concern that despite government regulatory framework, huge expenditure and private sector participation/investment to meet long term reform objectives, to deliver quality, reliable and efficient electricity to consumers at reasonable prices, constant supply of adequate electricity is still a challenge in Nigeria.