Nigeria, Feb. 24 -- Members of the House of Representatives committee on power have threatened not to approve appropriation in the 2021 Federal Budget for the Nigerian Bulk Electricity Trader (NBET) "if the agency is not returned to the Ministry of Power."

The Chairman, House Committee on Power, Magaji Da'u Aliyu, who issued the threat on Monday said NBET has always been an agency under the Ministry of Power "and should be allowed to remain that way."

"NBET no doubt has a critical role to play as the key financial organ of the Nigerian Electricity Supply Industry (NESI).

"As lawmakers, we frown at every possible attempt at contravening aspects of the law. The provisions of the Electric Power Sector Reform Act, 2005 with regards to succ...