Lagos State Governor, Akinwunmi Ambode, on Thursday signed seven bills into law, among which is the law to guarantee 24-hour power supply in line with the vision to attain a 24-hour economy and make Lagos globally competitive.
A press release signed by Chief Press Secretary, Habib Aruna, states that the new Laws are: the Lagos State Electric Power Reform Law, Amended Land Use Charge Law, School of Nursing Law, and Cooperative College Law.
Others are the Cancer Research Institute Law, Amended Customary Court Law and the Yoruba Language Preservation and Promotion Law
Speaking on the import of the new laws, the State’s Attorney General and Commissioner for Justice, Mr. Adeniji Kazeem said the development was a great day for the state as it signposted the commencement of the journey to further advance the dividends of democracy to the people.
He said: “This is a great day; the governor has just signed these bills into law and this shows that the House of Assembly is working in tandem with the Executive.
“It also shows that Lagos is working. These laws are going to benefit the people of Lagos State and this is what the people are looking for in terms of dividends of democracy.”
Giving details on the benefits of the Power Sector Reform Law, the State’s Commissioner for Energy and Mineral Resources, Mr. Olawale Oluwo, said the law would allow the state government to intervene in major areas of the power value chain to the overall benefit of the people.
He said: “One, the law puts the government in a position to be able to extend our guarantee to private sector participants who will come and generate power for us and by this guarantee, we are putting the balance sheet of our State on the table and assuring investors that as they generate power, they will get paid.