Lagos governor signs law to improve electricity, promote renewables, and attract investments.

Lagos State Governor Babajide Sanwo-Olu signed the Lagos Electricity Law 2024 into law, aiming to improve electricity supply and foster economic growth. The law establishes a regulated electricity market, promotes renewable energy, and creates institutions like the Lagos Electricity Regulatory Commission to oversee the new system. It seeks to reduce reliance on the national grid and attract private investments in power generation, contributing to sustainable development in Lagos.

4 months ago
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