Governor Babajide Sanwo-Olu has approved the formation of the Lagos State Electricity Regulatory Commission (LASERC), marking a pivotal step in advancing Lagos State’s energy sector. This follows the recent signing of the Lagos Electricity Bill 2024 into law, which aims to position the state as a leader in Nigeria’s energy transition. Strategic Appointments to Drive LASERC’s Vision The governor’s office, through a press release from the Special Adviser on Media and Publicity, announced the new commission and its leadership team, pending confirmation by the Lagos State House of Assembly. The appointed officials bring diverse expertise to guide LASERC’s mission of ensuring sustainable and innovative energy solutions for Lagos. Key Features of the Lagos Electricity Bill 2024 The Lagos Electricity Bill 2024, signed into law earlier this month, replaces the 2018 Lagos State Power Sector Reform Law and outlines an ambitious energy framework: Advancing Energy Independence and Sustainability The 2024 Bill is expected to pave the way for 24-hour electricity in Lagos by enabling the state to generate, distribute, and regulate its power supply. This aligns with the Federal Government’s 2023 approval allowing states to independently manage electricity generation and distribution. With these reforms, Lagos is set to: What This Means for Lagosians LASERC and the new energy policies are designed to transform Lagos’s electricity landscape, ensuring consistent power supply, promoting innovation, and fostering economic growth. Residents can look forward to sustainable and reliable energy solutions as Lagos strives to become a model for energy independence in Nigeria. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
