Ambode Sign 7 Bills Into Laws Including Law For LASG To Guarantee Private Power Sector Investors To Provide 24-hour Supply In Lagos…. #LagosElectricLaw: What this mean for Lagosians ?
Lagos State Governor, Mr Akinwunmi Ambode on Thursday signed seven important bills into law among which is the law to guarantee 24-hour power supply in line with the vision to attain a 24-hour economy and make the State globally competitive.
The laws are Lagos State Electric Power Reform Law, Amended Land Use Charge Law, School of Nursing Law, Cooperative College Law, Cancer Research Institute Law, Amended Customary Court Law and the Yoruba Language Preservation and Promotion Law
Giving details on the benefits of the Power Sector Reform Law, the State’s Commissioner for Energy and Mineral Resources, Mr Olawale Oluwo said the law would allow the State Government to intervene in major areas of the power value chain to the overall benefit of the people.
He said:
👉🏾“One, the Lagos Electric law puts the government in a position to be able to extend our guarantee to private sector participants who will come and generate power for us and by this guarantee, we are putting the balance sheet of our State on the table and assuring investors that as they generate power, they will get paid.
👉🏾”Second, is to help the distribution companies to upgrade their infrastructure because if they generate the power and their infrastructure is still where it is today, clearly they will not have the capacity to carry the incremental power.
👉🏾The third area of intervention is that it empowers us to be able to open up the gas market in Lagos so that we can have gas on a consistent basis and that is how we can attain the 24-hour power supply.”
Lagos State Governor Akinwunmi Ambode (middle), Attorney General/Commissioner for Justice, Mr. Adeniji Kazeem (right); Commissioner for Energy & Mineral Resources, Mr. Olawale Oluwo (2nd right); Commissioner for Information & Strategy, Mr. Kehinde Bamigbetan (2nd left) and Commissioner for Finance, Mr. Akinyemi Ashade (left)
Fourthly, the law would also enable Lagos State Government to collaborate with the distribution companies to collect tariff from customers efficiently in a way that the said guarantee would not crystallize, while in the area of enforcement, the law will prevent power theft.
According to him, “What has happened today is that the first power theft law in Nigeria has been signed today by Governor Ambode and this is the first time any government in Nigeria will institutionalise the power theft law.
“It criminalizes Electric power infraction. What we have seen before is that people tamper with and bypass meters and at the end of the day they are arrested and nothing happens but the new law provides for jail terms as well as fines and all sorts of forbearance such that if you tamper with electrical installations, if you import fake electrical materials into this State, you are liable to be prosecuted,” Oluwo explained.
