The Lagos State Electricity Regulatory Commission (LASERC) is targeting improved energy efficiency and the reduction of electricity supply hiccups to meet demand from the commercial sector.
The chief executive of the commission, Mr Temitope George, while listing the development agenda, vowed to make LASERC the foremost electricity regulator in Nigeria, reaffirming its commitment “to be the leading electricity regulator facilitating sustainable electricity and enhancing the quality of life for all residents in Lagos State.”
Mr George spoke at the close of the organisation’s maiden three-day capacity-building retreat, which had in attendance members, senior government officials, regulatory experts, and industry stakeholders to deliberate on key issues shaping electricity regulation and market development in the state.
With the theme Strengthening Regulatory Framework and Institutional Capacity for a Sustainable Electricity Market in Lagos State, the forum served as a platform for knowledge exchange, policy alignment, and institutional learning aimed at sharpening regulatory effectiveness and electricity governance in Lagos.
Speaking at the event, the chairman of the House Committee on Energy and Mineral Resources, Mr Sabur Oluwa, assured the commitment of the Lagos State House of Assembly to support policies and legislative frameworks that will promote sustainable power development and improved electricity service delivery for residents of the state.
Also, the Attorney General and Commissioner for Justice, Mr Lawal Pedro (SAN), highlighted the role of legal and institutional frameworks in ensuring effective regulation and alignment with the broader developmental priorities of Lagos State.
Delivering a presentation on the strategic implementation plan and electricity policy overview, the commissioner for Energy and Mineral Resources, Mr Biodun Ogunleye, noted that a well-structured regulatory framework is essential for attracting investment, improving infrastructure, and ensuring a reliable electricity supply across the state.
The permanent secretary of the ministry, Mr Abdulhafiz Toriola, stressed that effective collaboration within the public service is critical for the successful implementation of policies that will strengthen the electricity sector and enhance service delivery.
The general manager of the Lagos State Consumer Protection Agency, Mr Afolabi Solebo, shared insights on strengthening consumer protection mechanisms and improving complaint resolution within the electricity market, while the director general of the Lagos State Public Procurement Agency, Mr Fatai Onafowote, highlighted the role of procurement processes in ensuring transparency and efficiency in public sector projects.