The Governor of Lagos, Babajide Sanwo-Olu, has accented the Lagos Electricity Bill 2024 into law.
The law is a comprehensive plan aimed at tackling energy-related concerns and is projected to provide the groundwork for Lagos’ economic and industrial development.
Sanwo-Olu signed the bill on Tuesday at the Lagos House, Ikeja.
“The bill is a major step by the state government to ensure a 24-hour electricity supply to every corner of the state, following the federal government’s approval for states to generate and distribute energy in 2023,” stated the governor’s special adviser on media and publicity, Gboyega Akosile, in a statement on X.
The law is expected to reduce the state’s dependency on the national grid.
Speaking at the signing event, Sanwo-Olu emphasised the bill’s relevance in converting Lagos into a global city with a consistent and uninterrupted electricity supply.
In November, the Lagos State Government requested that independent power producers and energy solution corporations submit bids for the construction of gas-fired power plants to address the state’s recurrent electricity shortage.
The Ministry of Energy and Mineral Resources, in collaboration with the Office of Public-Private Partnerships, launched the Clean Lagos Electricity Market program to improve power supply in Lagos.
The statement was signed jointly by Biodun Ogunleye, Commissioner of the Ministry of Energy and Mineral Resources, and Bukola Odoe, Special Adviser to the Office of Public-Private Partnerships.
