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Sanwo-Olu Introduces Law to Regulate Electricity Production and distribution in Lagos

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Lagos State Governor, Babajide Sanwo-Olu, on Tuesday signed the Lagos State Electricity Bill 2024 into law. The law is aimed at teansforming electricity production and distribution in Lagos State, especially the Independent Power Plants (IPP).

The event held at Lagos House, Alausa, Ikeja, was attended by key officials including Deputy Governor Dr. Femi Hamzat, Chairman of the Lagos State House Committee on Energy and Mineral Resources Sabur Oluwa, Attorney General and Commissioner for Justice Pedro Lawal, Commissioner for Energy and Mineral Resources Biodun Ogunleye, and Commissioner for Information and Strategy Gbenga Omotoso.

Sanwo-Olu, said that the Lagos State Electricity Law 2024 aims to: Establish a technically sound, financially viable, and well-regulated Lagos Electricity Market.

Ensure access to affordable, reliable, and sustainable electricity for all residents. Promote diverse energy sources, including renewable energy, and encourage energy efficiency.

Foster investment, competition, and innovation in the electricity sector. Extend electricity access to underserved areas to support sustainabledevelopment.

Commissioner for Energy and Mineral Resources Biodun Ogunleye announced that the law’s implementation will begin within six months, pending final approval from the Federal Government .

The law creates several regulatory bodies to manage the electricity market: Lagos State Electricity Regulatory Commission (LASERC): Ensures compliance and oversees licensing. Lagos Independent System Operator (ISO): Responsible for maintaining system reliability and operational efficiency.

Lagos State Electrification Agency: Tasked with expanding electricity access to underserved communities.

Electrification Funds: Allocated for financing electrification projects and sustainable energy solutions in underserved areas.

Community Trust Fund: Requires power generating companies to allocate a percentage of their previous year’s operating expenditure to host community development.

Power Enforcement Unit: Charged with addressing electricity theft and infrastructure damage.

The Lagos State Electricity Law 2024 represents Governor Sanwo-Olu’s commitment to resolving long standing energy challenges, laying the foundation for economic growth, industrial development, improved quality of life, and environmental sustainability.

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UPDATE: Four-storey building collapses in Lagos (Photos)

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A four-storey building has collapsed in Ojodu-Berger area of Lagos, with occupants trapped, and some feared dead.

Panic gripped residents when the uncompleted building suddenly collapsed on Saturday.

The building houses the popular Equal Right Restaurant.

The incident happened at about 11a.m., today.

As of press time, men of Lagos State Fire and Rescue Service, as well as the Lagos State Emergency Management Agency, LASEMA, who had been contacted have arrived at the scene.

See photos below:

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BREAKING: Many feared trapped, as Building collapses in Ojodu Lagos

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An unspecific number of people are believed to be trapped under an uncompleted storey building which collapsed in Lagos.

The building housing Equal Rights restaurant located at Oremeta Street, Ojodu Lagos, went down on Saturday morning.

It is believed, however, that some people are still trapped underneath the rubble.

Details later….

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Crime

Police rescue 10 kidnapped University of Benin students

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Edo State Police Command says it has rescued 10 University of Benin, UNIBEN, students abducted by suspected kidnappers at Ofosu area along the Benin-Ore expressway.

It was gathered that the students were on their way to Babcock University for Annual GYC Africa Conference when they were kidnapped on April 16 at the community bordering Edo and Ondo States.

The Public Relations Officer of the Command, Moses Yamu disclosed this in a statement made available to newsmen.

Yamu said the rescued students are eight males and two females.

He said during the rescue operation, one of the suspected kidnappers was killed, while other escaped with bullet wounds.

He also disclosed that one of the Police officers, an Inspector sustained gunshot injury and is currently responding to treatment in an undisclosed hospital.

The statement read: “The Command wishes to update the general public of the unfortunate kidnap of some students who were on their way to Babcock University for Annual GYC Africa Conference on 16/04/2025 at a location bordering Edo and Ondo States.

“On receipt of this information, the Commissioner of Police, Monday Agbonika, immediately deployed operatives of the Ohosu Division, IRT, tactical teams alongside vigilantes and hunters into the bushes for possible rescue of the victims and arrest of suspects.

“During the operation, operatives engaged in a gun duel with these kidnappers. In the process, one of the kidnappers was neutralised, while others escaped with bullet wounds.

“The operatives were cautious to avoid collateral damages as the kidnappers used the victims as human shields. Unfortunately, an Inspector of Police sustained a gunshot injury and is currently responding to treatment.

“This rescue effort eventually paid off as the ten (10) kidnapped students comprising eight (8) male and (2) females were released due to intense pressure mounted on them.”

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