Among its other goals, the new law aims to establish an electricity market independent of the national grid.
Beneath the Surface: The Dark World of Illicit Tin Mining in PlateauNigerian lawmakers violate country’s law, ignore PWD’s needs despite spending N42 billion on renovationsSPECIAL REPORT: How disinformation fueled ethnic tensions in KadunaWhen Medicines Fail: Many Nigerians battle antimicrobial resistance, AMRINVESTIGATION: Dasuki Money Trail: How ex-NSA approved suspicious billions for family...
The shift allows the state governments to participate in generation, transmission and distribution of electricity. Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.The development comes after President Bola Tinubu assented to the electricity bill, which empowers states, companies and individuals to generate, transmit, and distribute electricity in June 2023.the Lagos State Power Sector Reform Law 2018, in furtherance of the Electricity Act 2023 signed into law by president.
In November 2013, the federal government privatised all power generation and 11 distribution companies, with the government retaining the ownership of the transmission company. This was to improve efficiency in the sector.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sanwo-Olu signs Lagos electricity bill ‘to tackle blackouts, drive economic growth’Babajide Sanwo-olu, governor of Lagos state, has signed the Lagos Electricity Bill 2024 into law.The ceremony was held at the...
Read more »
EFCC Takes Action on Suit Seeking to Prevent Arrest of Lagos State Governor Sanwo-OluA Trusted Nigerian Newspaper
Read more »
Order your officials to stop harassing Lagos traders – Bode George to Sanwo-OluAn erstwhile Deputy National Chairman of the People’s Democratic Party (PDP), Olabode George, has called on Governor Babajide Sanwo-Olu of Lagos State to halt the harassment of traders by officials and security agents in the state.
Read more »
Alleged arrest plot: EFCC tells court to dismiss Sanwo-Olu’s suitThe Economic and Financial Crimes Commission (EFCC) has urged a Federal High Court in Abuja not to grant the reliefs sought by Governor Babajide Sanwo-Olu of Lagos State in his fundamental right enforcement suit, describing it as speculative.
Read more »
Africa will be great if its leaders work together, build vibrant economy, says Sanwo-OluBabajide Sanwo-Olu, the Lagos state governor, has assured Kenya of continued collaboration in the hospitality and tourism sectors.
Read more »
Court dismisses suit seeking to stop EFCC from probing Sanwo-Olu after his tenureThe federal high court in Abuja has struck out the suit seeking to restrain the Economic and Financial Crimes Commission (EFCC) from arresting Babajide Sanwo-Olu, governor of Lagos, at the end of his tenure.
Read more »