By Francesca Iwambe Abuja
Governor Sanwo-Olu said granting the states more autonomy in key areas like electricity, railways, and the judiciary, will empower states like Lagos to take charge of its own growth.
He described the Constitutional Alteration Bill No.33 as a historic move that will grant states the authority to regulate electricity generation, transmission, and distribution.
“This will create a Lagos Electricity Market, leading to increased access to electricity, investments and job opportunities,” Sanwo-Olu said.
Speaking further the Governor believed the new bills will promote efficiency, leading to better service delivery. He added that in a proactive step the Lagos State Electricity Policy was launched, to provide an integrated resource plan and legal framework to establish the Lagos Electricity Market.
Governor Sanwo-Olu also committed to achieving 1GW of solar energy in Lagos by 2030, stating that the State has engaged World Bank for suitable funding.
In the area of devolution of powers for railways under the Constitution Fifth Alteration Bill No.32 he was of the view that it was a significant move for promoting local economic growth and development.
This according to him will open up investment opportunities and improve the transportation of goods and services.