Osun State Governor, Ademola Adeleke, has hailed the passage of the Osun Electricity Bill into law as a bold step toward transforming the state’s economy and resolving its long-standing electricity crisis.

Reacting to the bill’s passage by the Osun State House of Assembly, Governor Adeleke said the new law would unlock investment opportunities in the power sector, particularly in off-grid and renewable energy generation.

In a statement issued by his spokesperson, Olawale Rasheed, on Monday, the Governor said: “The new law will ensure the right energy mix. Renewable energy will complement traditional energy sources. Osun State is open to new energy sector investors.”

Adeleke emphasised that the legislation would enable the state to diversify and regulate its power generation sources, thereby reducing dependence on the national grid and tackling chronic electricity shortages.

IBEDC can no longer exploit Osun people – Governor warns

Governor Adeleke declared that the new electricity law would bring an end to the exploitation and alleged oppression of Osun residents by some officials of the Ibadan Electricity Distribution Company (IBEDC).

He stated that the bill provides for the creation of a State Electricity Regulatory Agency, which would oversee the electricity market in the state and monitor service delivery by distribution companies.

“The regulatory commission will be addressing critical issues relating to customer–service provider complaints. It will grant licenses to power generators, among others,” Adeleke said.

“The commission will not allow the current maltreatment of electricity users in the state. DisCos must sit tight.”

The Governor added that the bill represents a long-awaited policy framework to revive the state’s energy sector and empower local businesses.

“I will invite all stakeholders to the signing into law ceremony. The business community in Osun State should heave a sigh of relief. The much-needed policy framework for the state power sector has arrived,” the Governor stated.

Governor Adeleke commended the Osun State House of Assembly, the Ministry of Energy, and all stakeholders involved in drafting and consulting on the bill.

Naijaonpoint reports that the Osun Electricity Law is expected to open up a new era of independent energy regulation, local generation licensing, and protection for electricity consumers in the state.