The Governor of Lagos, Babajide Sanwo-Olu, has enacted the Lagos Electricity Bill 2024.
This new law presents a comprehensive strategy designed to address challenges in the energy sector and is expected to lay the groundwork for economic and industrial growth in Lagos.
The governor formally signed the bill on Tuesday at the Lagos House in 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,” said the governor’s Special Adviser on Media and Publicity, Gboyega Akosile, on X.
This development is expected to reduce the state’s reliance on the national grid.
At the signing ceremony, Sanwo-Olu highlighted the significance of the bill in transforming Lagos into a global city with a stable and continuous power supply.
In November, the Lagos State Government invited independent power producers and energy solution companies to submit bids for the construction of gas-fired power plants to address the state’s ongoing electricity shortage.
The Ministry of Energy and Mineral Resources, in collaboration with the Office of Public-Private Partnerships, issued the call as part of an initiative to improve Lagos’s power supply through the Clean Lagos Electricity Market.
The announcement was made jointly by the Commissioner of the Ministry of Energy & Mineral Resources, Biodun Ogunleye, and the Special Adviser of the Office of Public-Private Partnerships, Bukola Odoe.
