June,30
M. Buhari signed the Hydroelectric Power Producing Areas Development Commission Act
On June 28, Muhammadu Buhari signed the Hydroelectric Power Producing Areas Development Commission (Establishment, Etc) (Amendment) Act, 2018 into law. The Act reduces the derivation payable to the commission from 30 per cent to 10 per cent. The amendment fortifies the power of the minister to issue policy directives as well as re-enforced statutory powers of the Nigerian Electricity Regulatory Commission (NERC) to regulate the Electricity Industry under the principal Act.