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FLASH: Lagos State Taskforce begins Okada Motorcycle Enforcement, One-way enforcement and removal of shanties built along the Lagos Calabar Coastal Road corridor, Over 50 Okadas confiscated for riding on the highways under the Law of Lagos State. 10 Vehicles arrested, or be charged to court for driving against Traffic....

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FLASH: Governor of Lagos State, Mr Babajide Sanwo-Olu 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 ….

Jubril A. Gawat

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