Sanwo-Olu Signs Lagos Electricity Bill 2024 to Boost Power Supply

Lagos Governor Babajide Sanwo-Olu has signed the Lagos Electricity Bill 2024 into law, a comprehensive plan designed to address energy sector challenges and foster economic and industrial growth in the state.

The governor signed the bill on Tuesday at the Lagos House in Ikeja. According to the governor’s Special Adviser on Media and Publicity, Gboyega Akosile, the bill is a key step towards ensuring 24-hour electricity supply across Lagos, following the Federal Government’s 2023 approval for states to generate and distribute their own energy.

This move aims to reduce Lagos’s reliance on the national grid. Speaking at the signing ceremony, Sanwo-Olu highlighted the bill’s role in transforming Lagos into a global city with a reliable and uninterrupted power supply.

In November, the Lagos State Government invited independent power producers and energy firms to submit bids for the construction of gas-fired power plants to help address the state’s ongoing electricity shortage.

The Ministry of Energy and Mineral Resources, in collaboration with the Office of Public-Private Partnerships, launched the initiative as part of efforts to improve Lagos’s power supply through the Clean Lagos Electricity Market. The announcement was made by the Commissioner for Energy and Mineral Resources, Biodun Ogunleye, and the Special Adviser for Public-Private Partnerships, Bukola Odoe.