ELECTRICITY ACT, 2023

Section 122: Establishment of the Power Consumer Assistance Fund.

2023Section 122 of 233Federal Republic of Nigeria

(1) There is established the Power Consumer Assistance Fund (in this Act referred to as "PCAF") to be used for the purposes specified in subsection (4).
(2) The Commission shall keep and manage the money and assets of the PCAF and shall handle the procedures for disbursement from the PCAF under this Act.
(3) The Power Consumer Assistance Fund shall consist of the following capital and assets-
(a) the contributions delivered under this section; and
(b) any subsidies received from the Federal Government of Nigeria as appropriated by the National Assembly.
(4) The PCAF shall be used to subsidise underprivileged power consumers as specified by the Minister in consultation with the Commission.

Cite this section

Section 122, ELECTRICITY ACT, 2023 (2023).

https://repo.podus.ai/laws/electricity-act-2023/section/122/