₦airaland Forum

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 resolve to address longstanding challenges in the energy sector. The law will lay a robust foundation for economic growth, fostering industrial growth, improved quality of life, energy equity, economic prosperity, and environmental sustainability.

OBJECTIVES OF THE LAW

- Establish a Lagos Electricity Market that is technically sound, financially viable, and well-regulated

- Ensure access to affordable, reliable, and sustainable electricity for all citizens.

- Promote diverse energy sources, including renewable energy, and encourage energy efficiency.

- Foster investment, competition, and innovation in the electricity sector.

- Electrify underserved areas, contributing to the sustainable development of Lagos State.

INSTITUTIONS TO BE CREATED

The law establishes critical institutions to manage and oversee the electricity market:

1. Lagos State Electricity Regulatory Commission: Independent oversight for regulatory compliance and licensing.

2. Lagos Independent System Operator (ISO): Ensuring system reliability and operational efficiency.

3. Lagos State Electrification Agency: Focused on expanding electricity access to underserved communities.

4. Special Funds:
(i). Electrification Funds - Financing electrification projects and sustainable energy solutions in underserved and Unserved Communities.

(ii) Host Community Development (Community Trust Fund) - Licensed Power Generating Companies must allocate a percentage of the previous year’s operating expenditure to developing their host communities.

5. Power Enforcement Unit - To address issues of Electricity theft, damage and theft of  infrastructure

#LagosElectricityLaw
#GreaterLagosRising

More Details coming ….

naptu2:
Previous threads.

In March 2023 President Muhammadu Buhari signed a constitutional ammendment bill into law and part of the ammendments was that states could generate, transmit and distribute electricity in places that were covered by the National Grid.

Buhari Signs 16 Constitution Amendment Bills Into Law
https://www.nairaland.com/7615729/buhari-signs-16-constitution-amendment

In June 2023, President Tinubu signed an ammendment to the Electricity Act into law. The new law allows states to issue licenses to companies to generate, transmit and distribute electricity within their states. The law says that the states must first enact a law to regulate electricity generation, transmission and distribution before they can take over the regulatory functions of the NERC.

President Tinubu Signs Electricity Act 2023 Into Law
https://www.nairaland.com/7720914/president-tinubu-signs-electricity-act


The Lagos State Government is now planning it's own electricity law and it is inviting investors to take part in the Lagos electricity market.

Lagos Lawmakers, Stakeholders Meet As State Plans Own Electricity Market
https://www.nairaland.com/8150172/lagos-lawmakers-stakeholders-meet-state

GAC Members Meet Obasa Over Proposed Lagos Electricity Law
https://www.nairaland.com/8145598/gac-members-meet-obasa-over

Lagos To Build Massive 4,000 Megawatts Plants To End Power Cuts - Reuters
https://www.nairaland.com/8261512/lagos-build-massive-4000-megawatts

Lagos Invites Investors For Gas Fired IPPs
https://www.nairaland.com/8261091/lagos-invites-investors-gas-fired


Lagos To Build Massive 4,000 Megawatts Plants To End Power Cuts
https://www.nairaland.com/8261512/lagos-build-massive-4000-megawatts

Devolution Of Electricity Regulation: Lagos Team Meets TCN
https://www.nairaland.com/8271944/devolution-electricity-regulation-lagos-team


Here are examples of other states.


Ekiti Government Grant License To Investors To Generate & Distribute Electricity
https://www.nairaland.com/8261408/ekiti-government-grant-license-investors

Gombe Signs MoU With Chinese Firm For 100 Megawatt Solar Energy Plant
https://www.nairaland.com/8259302/gombe-signs-mou-chinese-firm

Enugu Signs Electricity Bill Into Law, Targets 30 Billion USD Economy
https://www.nairaland.com/7844171/enugu-signs-electricity-bill-into

Grid Collapses: States Ramp Up Plans For Power Plants
https://www.nairaland.com/8262488/grid-collapses-states-ramp-up

States Work On Total Electricity Subsidy Removal, New Tariff
https://www.nairaland.com/8119959/states-work-total-electricity-subsidy

Bauchi Govt, CCECCE Sign Agreement For 30MW Solar Power And Distribution Network
https://www.nairaland.com/8277659/bauchi-govt-ccecce-sign-agreement

naptu2:
Further reading.

The Lagos Electricity Journey
https://www.nairaland.com/8262334/lagos-electricity-journey


Lagos Commissioners Back Biogas Plan to Cut Transport Costs
https://www.nairaland.com/8268289/lagos-commissioners-back-biogas-plan

SalamRushdie:
It will end in Berebe extortion

naptu2:

https://www.youtube.com/watch?v=RfDPqtwBW6A?si=6LeLfcScm-1ftyx0

Jubril A. Gawat @Mr_JAGs

Tobokongs:
Bad news to animals

This is targeted against the cursed tribe from a particular region.

Anything that has to do with Lagos, animals must wail.

Eko oni baje

Governor @jidesanwoolu says Lagos State had to take their time to do a thorough job, learn from past mistakes and do extensive Work was done to put finishing touches on this Bill that has now been signed into Law.

Mr Governor thanked the Lagos State House of Assembly @lshaofficial for the work done on the Law.

#LagosElectricityLaw

Ibehchizzy:
ps : this user is talking about the pathetic Yoruba tribe

Lanretoye:
They will call it a slum,people wey ordinary brt no fit reach in the next 20years talk less of railway.they will come here and post dust.
They don’t have good things but when they see you have it,they feel bad and envy

Tobokongs:
Bad news to animals

This is targeted against the cursed tribe from a particular region.

Anything that has to do with Lagos, animals must wail.

Eko oni baje

iwaeda:
Drive from Tom Jones to Adeniji

Tobokongs:
Bad news to animals

This is targeted against the cursed tribe from a particular region.

Anything that has to do with Lagos, animals must wail.

Eko oni baje

geoworldedu:
Tribalist, get ready to be caught and dealt with severely. Even your ancestors will reject you in their graves at the intensity of the flogging you will get from us at FLOGTRIBALISTS. Our correctional centre awaits you. Just watch how we will intelligently fish you out soon.

iwaeda:
Erons in my mind. Hope it will not be another EXPLOITATION.