• Contact Us
  • About Us
Sunday, November 8, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Senate probes non-takeoff of Hydro-electric power commission

metro by metro
November 28, 2019
in Economy, Energy
0
0
SHARES
0
VIEWS

The Senate has mandated its Committee on Legislative Compliance to investigate the delay in takeoff of the Hydro Electric Power Producing Areas Development Commission (HYPADEC) after nine years of its passage into law.

The upper chamber while mandating the committee to probe the utilization of the sum of N612,177,269 appropriated so far to the Commission, directed the panel report back to the Senate within four weeks.

Read Also

Nigeria’s External Debt Hits $145bn As Servicing Burden Rises-World Bank

CBN Research Links Budget Deficits To Naira Depreciation, Rising Interest Rate

Tinubu Drops $20.5bn Plan, Seeks $7.7bn Loan To Fund 2026 Budget Deficit

The upper chamber, sequel to the consideration of a motion to that effect, also urged the Federal Government to, as a matter of urgency, constitute the Commission and make funds available for it in the 2020 budget.

Sponsor of the motion, Senator Muhammad Enagi Bima (APC, Niger South) noted that the Act that established HYPADEC charged the Commission with the responsibility of managing ecological menace due to operation of dams and other hydroelectric power activities.

According to him, the Act establishing the Commission was passed by the Seventh National Assembly in 2010 and signed into law by President Goodluck Jonathan.

The lawmaker lamented that the inability of the Commission to takeoff has exposed communities within the area of operation of hydroelectric dams in Nigeria to serious ecological challenges like flooding, loss of lives, health hazards and loss of farmlands.

Senator Bima recalled that the sums of N354,570,637; N247,500,000 and N10,106,632 were appropriated in 2011, 2014 and 2015 budgets, respectively, for the Commission.

He, however, noted that nothing was allocated in 2012, 2013, 2016, 2017 and 2018 budgets, a situation which has “brought enormous hardship on the people of the area.”

Tags: Hydro-electric power commission
Previous Post

AFC Issues Lowest Coupon Ever Of CHF200 Mn 4-Year Benchmark Bond

Next Post

Aisha Buhari Challenges Osinbajo, Governors, Mlnisters On Insecurity, Poor Governance

Related Posts

World Bank
Economy

Nigeria’s External Debt Hits $145bn As Servicing Burden Rises-World Bank

November 6, 2026
CBN
Economy

CBN Research Links Budget Deficits To Naira Depreciation, Rising Interest Rate

November 6, 2026
Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days
Economy

Tinubu Drops $20.5bn Plan, Seeks $7.7bn Loan To Fund 2026 Budget Deficit

November 4, 2026
Tinubu’s Economic Reforms Have Favoured The Rich, Worsened Poverty – Atedo Peterside
Economy

Tinubu’s Economic Reforms Have Favoured The Rich, Worsened Poverty – Atedo Peterside

November 4, 2026
Next Post

Aisha Buhari Challenges Osinbajo, Governors, Mlnisters On Insecurity, Poor Governance

IMF’s Georgieva Tasks Central Banks On Slowdown In AI-driven Growth Amid Market Volatility

IMF’s Georgieva Tasks Central Banks On Slowdown In AI-driven Growth Amid Market Volatility

November 8, 2026
Retiring Supreme Court Justice, Abba-Aji Links US Visa Restrictions To Controversial Imo Judgment

Retiring Supreme Court Justice, Abba-Aji Links US Visa Restrictions To Controversial Imo Judgment

November 8, 2026
Nigeria Win U-17 Women’s World Cup, Beat Japan 2-1, Become Africa’s First Champions

Nigeria Win U-17 Women’s World Cup, Beat Japan 2-1, Become Africa’s First Champions

November 8, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version