Lagos State Governor, Babajide Sanwo-Olu, has officially signed the Lagos Electricity Bill into law, marking a significant milestone in the state’s energy sector.
The signing ceremony, held at Lagos House, Alausa, Ikeja, was attended by Deputy Governor Kadri Hamzat, members of the State Assembly, and members of the State Executive Council.
Governor Sanwo-Olu commended the State House of Assembly for its swift passage of the bill, emphasizing that the new law will significantly enhance the socio-economic well-being of Lagos residents.
He highlighted that the bill, which has been in the works for several years, will guarantee a steady power supply for Lagosians.
In his remarks, the state Commissioner for Energy and Mineral Resources, Biodun Ogunleye, explained that the new law will introduce an additional grid for Lagos, effectively eliminating frequent blackouts in the state.
He added, “With this law in place, residents can expect regular power supply. Additionally, the Host Community Development Trust Fund will offer opportunities for communities to develop power plants.”
Ogunleye described the law as a beacon of progress, ensuring uninterrupted power supply for the state and paving the way for sustained growth in the energy sector.
FLASH: Governor of Lagos State, Mr @jidesanwoolu officially signs the Lagos Electricity Bill 2024 into Law, today at the Conference Room, Lagos House, Alausa Ikeja.
THE MANDATE:
The Lagos State Electricity Law 2024 is a comprehensive plan of Governor Babajide Sanwo-Olu’s… pic.twitter.com/qRWCIRMVO1— Jubril A. Gawat (@Mr_JAGs) December 3, 2024
The Lagos State Electricity Law 2024 is a key component of Governor Sanwo-Olu’s long-term strategy to tackle energy challenges in the state. It lays a strong foundation for economic growth, industrial development, improved quality of life, and environmental sustainability.
The law aims to establish a well-regulated, technically sound, and financially viable Lagos Electricity Market, ensuring that all residents have access to affordable, reliable, and sustainable electricity.
It also promotes the use of diverse energy sources, including renewable energy, fosters energy efficiency, and encourages investment, competition, and innovation in the electricity sector. Furthermore, it seeks to electrify underserved areas, contributing to the sustainable development of Lagos State.
