Breaking News: Governor Sanwo-Olu Signs Lagos Electricity Bill 2024, Paving Way for 24-Hour Power Supply
Lagos State Governor, Babajide Sanwo-Olu, has signed the Lagos Electricity Bill 2024 into law, marking a significant step toward achieving round-the-clock electricity supply across the state. The landmark legislation, signed today, follows the federal government’s 2023 approval allowing states to generate and distribute energy independently.
The new law empowers Lagos to take control of its energy needs, laying the foundation for sustainable and reliable power supply in Africa's largest city. The initiative aligns with Governor Sanwo-Olu’s commitment to improving the quality of life for residents and boosting economic development through enhanced infrastructure.
“This is a historic moment for Lagos,” Sanwo-Olu stated during the signing ceremony. “This bill ensures that we can chart our own path in energy generation and distribution, providing clean, efficient, and reliable electricity to every nook and cranny of our state.”
The Lagos Electricity Bill 2024 introduces frameworks for developing renewable energy projects, partnerships with private investors, and localized energy distribution networks. It also establishes regulatory mechanisms to ensure fairness and sustainability in the energy market.
The move is expected to attract investment, reduce reliance on the national grid, and power critical sectors such as health, education, and small businesses. Residents and businesses across Lagos have long grappled with inconsistent power supply, often resorting to costly alternatives like diesel generators.
With this legislation, Lagos State aims to become a model for energy autonomy in Nigeria, addressing the perennial challenge of electricity shortage and paving the way for other states to follow suit.