Nov. 13, 2023

The House of Representatives has directed the Nigerian Electricity Regulatory Commission to explain within 72 hours why a company licensed to provide metres is yet to provide them.

The Chairman of the Committee on Finance, James Faleke, gave the ruling during the continued hearing on the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) when the agency was unable to explain how the funds were utilised.

The company is said to have received N39 billion from the Ministry of Power but still did not provide the metres.

The committee is concerned that a company which seemingly lacks the capacity to execute the project was licensed.

Similarly, the Industrial Training Fund (ITF) was given a 48-hour ultimatum to give an explanation on missing funds of up to N3 billion.