ELECTRICITY ACT, 2023

Section 228: Protection of investments in the power sector.

2023Section 228 of 233Federal Republic of Nigeria

Without prejudice to provisions of the Nigerian Investment Promotion Act and the terms and conditions of licenses or contracts entered into by investors in the Nigerian power sector, this Act guarantees asset protection, right to sale or transfer licensee undertaking in the event of revocation of licenses or compensation in the event of any forceful takeover in the interest of national security. [Cap. N117, LFN, 2004]

Cite this section

Section 228, ELECTRICITY ACT, 2023 (2023).

https://repo.podus.ai/laws/electricity-act-2023/section/228/