Lagos Electricity Bill Signed by Gov Sanwo-Olu: Key Impacts and Insights
Governor Babajide Sanwo-Olu of Lagos State has signed the Lagos Electricity Bill 2024 into law. This legislation aims to address the persistent challenges in the state’s energy sector and create a sustainable, reliable electricity market.
It focuses on decentralizing electricity supply, encouraging public-private partnerships, promoting renewable energy, and fostering investments across the power supply chain.
The law also includes plans for establishing additional electricity grids, ensuring uninterrupted power supply, and electrifying underserved areas.
According to the Lagos State Commissioner for Energy and Mineral Resources, Abiodun Ogunleye, this initiative is expected to boost industrial growth, enhance living standards, and contribute to environmental sustainability.