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Lagos is learning from Aba development.... An Ibo man mocks Lagos state for not catching up to the Gigantic development and investment in Aba after seeing 4 buildings for the first time in Aba

43,341 просмотров • 1 месяц назад •via X (Twitter)

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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

98,652 просмотров • 1 год назад