The Lagos State Governor, Babajide Sanwo-Olu, has announced plans for the state to generate its electricity in line with the recently signed bills granting states autonomy in critical areas like electricity, railway, and judiciary.
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Sanwo-Olu stated that the new bills empower states like Lagos to take charge of their growth in the electricity sector.
Lagos Makes The First Move
On Tuesday, March 21, 2023, he said that Bill No 33 was a historic move, granting Lagos and other states the authority to regulate electricity generation, transmission, and distribution.
“This will create a Lagos Electricity Market, increasing access to electricity, investments, and job opportunities.
The new bills will promote efficiency, leading to better service delivery. We’ve been preparing for this by launching an Electricity Policy, publishing our off-grid strategy, presenting our Integrated Resource Plan, and drafting a law to establish the Lagos Electricity Market.
We’re committed to achieving 1GW of solar energy in Lagos by 2030 and have engaged with the World Bank for suitable funding. With the creation of the Lagos Electricity Market, we’ll fulfil our potential as Africa’s model mega city.
The devolution of powers for railways under the Constitution Fifth Alteration Bill No. 32 is a significant move for promoting local economic growth and development. It’ll open up investment opportunities and improve the transportation of goods and services.”
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