• Contact Us
  • About Us
Thursday, April 23, 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

FG Eyes ₦700bn Via April Bonds

Nigeria’s Budget  System Archaic,  Drives Unsustainable Deficit-Ugwudioha

N34trn Revenue  Leak Sparks Outrage As ActionAid Demands Forensic Audit Of Nigeria’s Finances 

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

Debt Management Office
Economy

FG Eyes ₦700bn Via April Bonds

April 23, 2026
FG Intensifies Moves To Avert Looming Inflation Protests Amid Hide & Seek Game In Week Of Decision
Economy

Nigeria’s Budget  System Archaic,  Drives Unsustainable Deficit-Ugwudioha

April 19, 2026
N34trn Revenue  Leak Sparks Outrage As ActionAid Demands Forensic Audit Of Nigeria’s Finances 
Economy

N34trn Revenue  Leak Sparks Outrage As ActionAid Demands Forensic Audit Of Nigeria’s Finances 

April 17, 2026
Minimum Wage: No Cause For Alarm, Says Finance Minister, After Meeting Tinubu
Economy

Nigeria’s Finance Minister, Edun Says Developing Nations Need More From IMF, World Bank

April 14, 2026
Next Post

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

Stakeholders Express Concerns Over FG’s Budget Of N135Bn For 2027 Election Lawsuits, Say Outrageous, Democracy Under Scrutiny

My Acceptance Of INEC Job Was Based On God’s Conviction 

April 23, 2026
refinery

Oil Gains As US-Iran Talks Stall, Hormuz Shipping Still Disrupted 

April 23, 2026
Iran War Pushing More Than 30 Million Back Into Poverty, UN Development Chief Says 

Iran War Pushing More Than 30 Million Back Into Poverty, UN Development Chief Says 

April 23, 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