The Lagos State Government, through the Lagos State Electricity Regulatory Commission, has reaffirmed its commitment to deepening smart regulation and strengthening the Lagos electricity market, as the commission issued licences to 14 operators in the state electricity value chain.
Speaking on Thursday at LASERC’s maiden Stakeholders’ Engagement Forum in Ikeja, the Chief Executive Officer of LASERC, Mrs Temitope George, described the forum as “a defining moment in the evolution of Lagos State’s electricity sector” and a demonstration of the commission’s commitment to transparency, collaboration, and stakeholder inclusion.
She stated that the engagement marked the beginning of a new regulatory era focused on building “a functional, efficient, innovative, and consumer-centred electricity market” capable of supporting Lagos State’s economic ambitions.
George reiterated LASERC’s vision of becoming a leading electricity regulator by facilitating sustainable electricity development and improving the quality of life of residents. She added that the commission remained committed to setting and enforcing standards, safeguarding consumers, enabling investments, supporting innovation, and promoting clean energy solutions.
As part of efforts to strengthen consumer protection, George disclosed that LASERC was establishing zonal offices in Ikorodu, Amuwo Odofin/Badagry, and Sangotedo/Epe axes to improve complaint resolution and enhance access to regulatory services, with the offices expected to become operational in the third quarter of the year.
A major highlight of the engagement was the presentation of the regulatory agenda, market performance highlights, and key orders by LASERC officials. The board chairman, Alexander Ogunbiyi, presented 14 licences and permits to compliant stakeholders and operators in recognition of their adherence to regulatory requirements and industry standards.
LASERC said the development reinforced its drive towards a “structured, accountable, and fully regulated electricity market in Lagos State.” Participants at the forum included development partners, market operators, investors, community representatives, artisans, consumer groups, and members of the media.
