ELECTRIC POWER SECTOR REFORM ACT

Section 91: Criteria for allocation of resources from the Rural Electrification Fund.

2005Section 91 of 101Federal Republic of Nigeria

(1) The Rural Electrification Agency shall, in consultation with the Minister:
(a) establish objective and transparent criteria for the geographical allocation of resources from the Rural Electrification Fund and such criteria shall be determined taking into account:
(i) the need for financial support from the Fund;
(ii) progress in increasing rural electrification achieved through previous disbursements from the Fund;
(iii) the existence of local matching funding; and
(b) develop an open, competitive and transparent procedure for making disbursements from the Rural Electrification Fund to individual projects, including the establishment of eligibility and selection criteria.
(2) The eligibility criteria for the purposes of subsection (1) (b) of this section shall be determined taking into account:
(a) the extent to which the proposed activity can demonstrate technical, economic and financial viability for a sustained period;
(b) the extent to which the proposed activity demonstrates support for rural development taking into account the priorities of the local communities; and
(c) the level of community and investor commitment to the proposed activity,
(3) The selection criteria for the purposes of subsection (1) (b) of this section, and the quantum of disbursement, shall be determined taking into account:
(a) the resources available from the Rural Electrification Fund;
(b) the cost of each new connection created under the project; and
(c)
other objective criteria that the Rural Electrification Agency may determine, such as tariff levels and quality of service.

Cite this section

Section 91, ELECTRIC POWER SECTOR REFORM ACT (2005).

https://repo.podus.ai/laws/electric-power-sector-reform-act/section/91/