Lagos State Governor, Mr Babajide Sanwo-Olu, has sworn in appointed chairman and members of the Lagos State Electricity Regulatory Commission (LASERC) with mandate to ensure an affordable, reliable, and sustainable electricity supply tailored to Lagos’s unique needs.
The Chairman and Members of LASERC are Engr. Abimbola Odubiyi (Chairman/Non-Executive Member); Mr. Tunde Gbajumo (Non-Executive Member); Dr. Fouad Animasahun (Executive Member/CEO); Barr. Kofoworola Olokun-Olawoyin (Executive Member); and Engr. Oluwaseun Fadare (Executive Member).
Speaking during the swearing-in ceremony held at Lagos House, Ikeja, on Monday, Governor Sanwo-Olu said his administration remains fully committed to supporting and providing the necessary resources and backing to help the appointees deliver on their mandates effectively.The Governor said the establishment of LASERC marks a historic milestone in Lagos State’s energy sector.
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“Following the Lagos Electricity Bill 2024 and the formal transfer of regulatory oversight from the Nigerian Electricity Regulatory Commission (NERC) to LASERC, Lagos has become one of the few states in Nigeria with full regulatory control over its intrastate electricity market.
“LASERC’s mandate is to ensure an affordable, reliable, and sustainable electricity supply tailored to Lagos’s unique needs. This includes regulating tariffs, enforcing technical standards, promoting renewable energy integration, combating electricity theft, and driving electrification of underserved communities. The restructuring of Eko Electricity Distribution Plc and Ikeja Electric Plc to create subsidiaries licensed by LASERC will enhance local responsiveness and service delivery,” he said.
