The Lagos State Electricity Law 2024: An Overview.
One of the significant introductions in the enactment of the Nigerian Electricity Act in June 2023 (“Electricity Act”) is the recognition of legislative autonomy of States as it relates to electricity market within a State. The Electricity Act recognizes the powers of any State in Nigeria to enact a law providing for the establishment of a State electricity market and to establish a State electricity regulatory authority for that State.