The governor of Lagos state Mr. Babajide Sanwo-Olu has reassured Lagosians of his commitment and efforts to stabilize power supply in the state.
“The Constitutional Alteration Bill No. 33 is a historic move that grants us authority to regulate electricity generation, transmission, and distribution. This will create a Lagos Electricity Market, leading to increased 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 fulfill our potential as Africa’s model mega city.” He added in his tweet.
He also thanked President Muhammadu Buhari for signing the bills which granted states more autonomy in key areas like electricity, railways, and the judiciary, empowering states to take charge of their own growth.
Sanwo-Olu believes the passed bills are very significant for promoting local economic growth and development.
He concluded by expressing his excitement for the next few years in the state and called on Lagosians to work with him in achieving this goal. Sanwo-Olu was re-elected as governor of Lagos state, following the elections which took place on the 18th of March, 2023.
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