Lagos Lawmakers, stakeholders discuss new electricity market plan

The Lagos State House of Assembly has held a crucial stakeholders’ meeting to discuss the proposed Electricity Bill, which aims to establish a self-sufficient electricity market within the state.

In his remarks at the hearing held on Wednesday, Speaker of the House, Rt. Hon. Mudashiru Obasa emphasized that the bill reflects the state government’s commitment to ensuring regular and uninterrupted power supply for residents.

Represented by Deputy Speaker Mojisola Lasbat Meranda, Obasa highlighted that the proposed legislation would empower the state government to licence, generate, transmit, and distribute electricity to unserved and underserved areas.

A cross-section of stakeholders at the public hearing

“This bill seeks to address all aspects of the electricity sector, significantly contributing to the sustainable development of Lagos State,” he said.

The bill aims to create a comprehensive electricity planning mechanism that promotes off-grid solutions for households and micro, small, and medium enterprises.

“This initiative is crucial as electrification is a key component of a viable economy and enhances the wellbeing of the people,” Obasa added.

The proposed law includes the establishment of a dedicated agency, market, and fund to ensure professional standards and modern technology in providing adequate electricity access.

The Speaker noted that the bill aligns with Lagos State’s proactive approach in leveraging the movement of electricity regulation to the concurrent list.

Hon. Sabur Oluwa, Chairman of the House Committee on Energy, elaborated on the bill’s objectives at the public hearing. He stated that the bill would create a commercial and technical regulatory framework for the Lagos Electricity Market, ensuring reliable and universal access to electricity for all residents.

The legislation also proposes the formation of the Lagos State Electrification Agency to manage public electricity works and infrastructure, alongside the Lagos State Electrification Fund.

“These institutions will be pivotal in delivering reliable electricity to unserved and underserved areas, bridging the gap in supply, and improving the quality of life for all Lagosians,” Oluwa said. “We recognize that reliable electricity is not a luxury but a necessity.”

Also speaking, Vincent Umoh, Chairman of the South West Chapter of the Chartered Institute of Power Engineering, urged the Assembly to ensure the bill mandates the appointment of technocrats with at least 15 years of experience to lead the proposed agency.

He also noted that Lagos State requires about 1,000 megawatts to achieve stable electricity supply for its residents.

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