Governor Babajide Sanwo-Olu has approved the constitution of the Lagos State Electricity Regulatory Commission (LASERC), a key initiative aimed at advancing Lagos State’s energy sector.
This development follows the signing of the Lagos Electricity Bill 2024 into law by the governor earlier in December.
The disclosure was contained in a press release from the Office of the Special Adviser to the Governor (Media and Publicity) on Monday.
“The governor has approved the constitution of the Lagos State Electricity Regulatory Commission (LASERC), a critical step in advancing the State’s energy sector” the statement noted.
The commission, which is subject to confirmation by the Lagos State House of Assembly, will focus on creating a sustainable and innovative energy framework for the state.
The statement also announced Governor Babajide Sanwo-Olu’s approval of key appointments for the Lagos State Electricity Regulatory Commission (LASERC).
Here are the appointees and their designations:
LASERC is expected to transform the state’s energy landscape and ensure reliable power supply.
Earlier in December, Lagos State Governor Babajide Sanwo-Olu signed the Lagos Electricity Bill 2024 into law, marking a significant step toward the state’s energy independence.
This follows the Federal Government’s 2023 approval granting states the authority to generate and distribute electricity. The Lagos State Government has stated that the Bill could pave the way for 24-hour electricity across the state.
The Bill further provides for an Independent System Operator to manage grid operations and a Power Enforcement Unit to combat electricity theft.
With these measures, Lagos aims to enhance power reliability, attract investment, and lead Nigeria’s energy transition, ensuring consistent and sustainable electricity for its residents.