Lagos State Governor, Babajide Sanwo-Olu, has signed the Lagos Electricity Bill 2024 into law, a significant move aimed at addressing the state’s energy challenges and promoting economic growth.
According to ThePUNCH, the law was signed on Tuesday at the Lagos House, Ikeja, marking a pivotal moment in the state’s energy sector.
Speaking at the ceremony, Governor Sanwo-Olu emphasized that the new law would help position Lagos as a global city with a consistent and reliable electricity supply.
“This bill is a major step by the state government to ensure a 24-hour electricity supply to every corner of Lagos,” Sanwo-Olu stated. “It aligns with the Federal Government’s 2023 approval for states to independently generate and distribute power.”
The governor’s Special Adviser on Media and Publicity, Gboyega Akosile, shared further insights on X, explaining that the bill will reduce Lagos’s reliance on the national grid.
The law comes on the heels of the state government’s call for independent power producers and energy solution companies to submit bids for the construction of gas-fired power plants.
This initiative, part of the Clean Lagos Electricity Market, is designed to enhance the city’s power infrastructure.
The bid invitation was announced in November by Biodun Ogunleye, the Commissioner for Energy and Mineral Resources, and Bukola Odoe, Special Adviser at the Office of Public-Private Partnerships.
With the signing of this bill, Lagos is one step closer to achieving a more sustainable and independent energy future.
