The Lagos State Governor, Babajide Sanwo-Olu has promised that his administration is committed to achieving 1GW of solar energy in the State by 2030 while engaging with the World Bank for suitable funding.
Sanwo-Olu on Tuesday reacting to President Muhammadu Buhari signing some bills granting the States more autonomy in key areas like electricity, railways, and the judiciary.
The Governor who thanked the President for this development, said the Constitutional Alteration Bill No. 33 is a is a historic move that grants the State authority to regulate electricity generation, transmission and distribution.
He added that this new bill will create a Lagos Electricity Market, leading to increased access to electricity, investments and job opportunities.
According to him, “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.
With the creation of the Lagos Electricity Market, we’ll fulfill our potential as Africa’s model mega city”, Lagos State Governor said.
Sanwo-Olu stated that the devolution of powers for railways under the Constitution Fifth Alteration Bill No. 32 is significant move for promoting local economic growth and development.
“It’ll open up investment opportunities and improve the transportation of goods and services. I’m excited about the next few years as Lagos takes more responsibility for our growth and the fulfillment of our potentials”, he said.
