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Lagos unveils electricity policy for reliable, affordable energy

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Lagos State Government on Wednesday, unveiled the ”Lagos State Electricity Policy”, geared at providing cleaner, reliable, affordable and uninterrupted power supply to residents.

Speaking at  the unveiling of the policy, organised by the Ministry of Energy and Mineral Resources, Lagos State Governor, Mr Babajide Sanwo-Olu, said that what residents wanted was regular power supply.

Sanwo-Olu said the electricity policy articulated constitutional, legal, engineering and commercial foundations for creating a viable sub-national electricity system that would cater for energy needs of the state.

He said that such viable sub-national electricity system would enable socio-economic growth for Lagos and the nation at large.

According to him, the state moved to explore alternative energy supply channels, in response to growing demand, occasioned by population growth and emergence of new residential and industrial areas.

“Energy requirement that will keep Lagos economy on the path of growth, has far exceeded the current 1,000 megawatts being supplied from the national grid, necessitating the move to explore alternative sources.

“Given Lagos state’s status as the commercial nerve-centre and economic hub of Nigeria, it is our firm belief that the attainment of universal electricity access in the state will  accelerate the same across other parts of the country.

“There will be no economic development without sustainable energy. The economy needs energy to run, and our objective as a government is to deliver sustainable, reliable and affordable electricity to all residents.

“The electricity policy being unveiled today do not only articulate the problems in the sector, it is also futuristic in the implementation of its provisions,” he said.

Sanwo-Olu said the state would ramp up procurement of pre-paid meters for distribution to residents, as part of the implementation of the electricity policy.

He said that this would promote transparency in the supply chain, while curbing electricity theft and discouraging estimated billing from the suppliers.

The governor said the objectives of the electricity policy would only be realisable if the private partners showed equal commitment as the government, to boost capacity in off-grid generation and distribution network.

“As a government, we believe one person cannot do it all. We need ideas and knowledge from each other, and form real partnership for coordination in the implementation of this framework.

”We must continue to ensure profitable partnerships to push investments, be audacious and accountable,” he said.

In his welcome address, the Commissioner for Energy and Mineral Resources, Mr Olalere Odusote said the government was committed to improving electricity supply in the state.

Odusote said the electricity policy would define and describe the short, mid and long term requirements, toward ensuring universal, clean, affordable and interrupted power supply to residents.

He said that one of the important roles of the policy was that it would help to establish and boost the Lagos Electricity Market (LEM).

The commissioner said the electricity policy, apart from clearing out constitutional and legal framework for investors’ assurance, also provided for the establishment of an autonomous regulatory body and independent system operator.

He said that Lagos government would hinge its partnership with the industry players, on well-funded and well-managed generation, transmission and distribution.

 

(NAN

 

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Anambra Traditional Rulers Confer ‘Dike Si Mba’ Title On Tinubu

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President Bola Ahmed Tinubu
President Bola Ahmed Tinubu
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President Tinubu crowned ‘Dike Si Mba’ of Anambra by Anambra State Traditional Rulers

Traditional rulers in Anambra State on Thursday conferred a chieftaincy title of ‘Dike Si Mba’ of Anambra on President Bola Tinubu.

The Traditional rulers led by the Chairman of the Anambra State Traditional Rulers Council, Igwe Chidubem Iweka of Obosi, gave the President the title in Awka during his official visit to the state.

‘Dike Si Mba’ loosely translates to ‘Hero from another land’, was given to President Tinubu by the traditional rulers representing all the communities in Anambra State.

Tinubu, who is in Anambra State on official visit, arrived at the Chinua Achebe International Airport in Umueri around 12:15pm, and was received by Governor Chukwuma Soludo, his deputy, Onyeka Ibezim and other government officials.

Tinubu inaugurated Anambra State’s first-ever Government House on Thursday, marking a historic milestone more than 30 years after the state’s creation.

Tinubu also inaugurated several other projects done by the administration of Governor Chukwuma Soludo.

It is the President’s second visit to the South-East this year after visiting Enugu State in January.

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 Nigerian Senate Passes 2 Tax Reform Bills

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The Nigerian Senate has passed two out of the four Tax Reform Bills which are expected to overhaul Nigeria’s tax laws.

The lawmakers approved the bills following the consideration and adoption of the recommendations of the Senate Committee chairman Senator Sani Musa during the committee of the whole

The four key bills are the Joint Revenue Board (Establishment) Bill, 2025, the Nigeria Revenue Service (Establishment) Bill, 2025, the Nigeria Tax Administration Bill, and the Nigeria Tax Bill.

But out of the four, only the Bill to Repeal the Federal Inland Revenue Service Act and enact the Nigeria Revenue Service (Establishment) Bill, 2025 was approved

The second approved bill is the Nigeria Tax Administration Bill which is an Act to provide for the assessment, collection of and accounting for revenue accruing to the federation, federal, states and local governments.

“Prescribe the powers and functions of tax authorities and for related matters”.

Presenting the report, Sani said that the bills sought to reform Nigeria’s tax framework, strengthen institutions and enhance accountability and compliance.

Contributing, Deputy Senate President of Jibrin Barau congratulated the entire Senate and in particular, the Committee on Finance and the Elders Committee for the wisdom and leadership that has been shown in the passage of the bills.

“Initially, there were in disagreements and there were rancors here and there.

“But the Senate, standing on its position as the highest assembly in the land, decided to establish this committee, the Committee of Elders (Special Committee).

“To look at all those areas of contention and hear the views of religious leaders, regional organisations and other stakeholders.”

In his remarks President of the Senate, Godswill disclosed that the remaining two bills will be considered in plenary on Thursday.

He commended the committee on Finance and senators for a thorough job.

“He also expressed gratitude to the group of “elder senators” who collated and deliberated on areas of contention in the Tax Bill through meetings and consultation with dissenting voices.

Akpabio expressed optimism that the tax laws would revolutionalise and optimise tax collection across the country.

He expressed satisfaction that the passage of the bills have dispelled rumours that they were meant to serve the interests of a part of the country, adding that all Nigerians will benefit from them.

 

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Senate Sets Up Committee To Oversee Rivers Administrator

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The Nigerian Senate has constituted an 18-member committee tasked with overseeing the activities of the Sole Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (rtd.).

This, it said, was in a bid to strengthen transparency and accountability in the state’s governance.

Senate Leader, Senator Opeyemi Bamidele, was named as chairman of the committee.

The announcement was made on Tuesday by the President of the Senate, Senator Godswill Akpabio, during the resumption of plenary.

Akpabio highlighted the importance of the committee’s mandate, stating that its role was critical in ensuring effective legislative oversight in Rivers State.

Akpabio also hinted that the composition of the committee might be subject to review following further consultations.

Other members of the committee include Senators Adamu Aliero, Osita Izunaso, Osita Ngwu, Kaka Shehu, Aminu Abass, Tokunbo Abiru, Adeniyi Adebire, Sani Musa, Simon Lalong, Asuquo Ekpeyong, Adams Oshiomhole, Ireti Kingibe, Onyekachi, Idiat Adebule, Ide Dafinone, and Mohammed, alongside the Clerk of the Senate.

The Senate President charged the committee to commence its oversight duties without delay, stressing the urgency of their assignment.

He also reaffirmed the Senate’s commitment to upholding democratic processes in Rivers State.

 

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