Budgeting Economy News Extra Latest News National Assembly Power/Electricity

Reps Flaw Proposed Transfer Of NBET To Finance Ministry

The House of Representatives Committee on Power on Wednesday described as illegal President Muhammadu Buhari’s directive that the Nigeria Bulk Electricity Trading Company, NBET should become an agency under the Ministry of Finance.

The Chairman of the House Committee on Power, Hon. Magaji D’au Aliyu, pointed out during the 2021 budget defence session at the National Assembly that the President’s directive breached the law setting up the agency and the Standing Orders of the House of Representatives.

The lawmaker clarified: “As far we are concerned in this Parliament, NBET remains under the Committee on power. We have what we call standing orders of the Parliament that must be followed.

“The president had the prerogative to do that (transfer the agency to finance), but there are also laws. There is a legal means of doing things”, he added.

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