Lagos State Governor, Babajide Sanwo-Olu, has signed the 2024 Lagos Electricity Bill into law, marking a significant step toward transforming the state’s energy landscape.
The legislation, signed on Tuesday, December 3, 2024, at the Lagos House in Ikeja, is aimed at ensuring uninterrupted power supply across Lagos, enhancing industrial growth and economic development.
Describing the bill as a “landmark move,” the governor stated that it aligns with the federal government’s 2023 approval allowing states to generate and distribute electricity independently.
“This bill is a major step by the state government to ensure a 24-hour electricity supply to every corner of Lagos,” explained the governor’s Special Adviser on Media and Publicity, Gboyega Akosile, on social media platform X.
The new law also seeks to reduce Lagos’ reliance on the national grid, offering opportunities for the development of local energy solutions.
In November, the state government invited bids from independent power producers to construct gas-fired power plants under the Clean Lagos Electricity Market initiative.
This effort, led by the Ministry of Energy and Mineral Resources in collaboration with the Office of Public-Private Partnerships, is seen as a crucial strategy to address Lagos’ persistent electricity challenges.
Commissioner for Energy and Mineral Resources, Biodun Ogunleye, and Special Adviser on PPPs, Bukola Odoe, emphasized the state’s commitment to leveraging public-private partnerships to close existing power supply gaps.
Speaking at the signing ceremony, Governor Sanwo-Olu highlighted the importance of reliable energy in achieving Lagos’ vision of becoming a global economic hub. “This bill will transform Lagos into a global city with a dependable and uninterrupted power supply,” he said.
