Lagos State Warns Electricity Companies: Get Licensed or Pay ₦20 Million Fine

 


The Lagos State Government has warned all electricity companies operating in the state that they must get a proper license from the state. Any company that continues to work without a license will be fined ₦20 million.

This warning was shared in a statement by Adetola Idowu, Deputy Director of Public Affairs at the Lagos State Electricity Regulatory Commission (LASERC), on Wednesday.

The directive, called Order No. LASERC ORDER/001/2025, officially sets the rules for how the electricity market should operate in Lagos. It takes immediate effect.

According to LASERC, this order also marks the full handover of electricity regulation from the Nigerian Electricity Regulatory Commission (NERC) to Lagos State, based on the Electricity Act 2023 and the Lagos State Electricity Law 2024.

Now, only LASERC can issue licenses or permits for electricity-related businesses in Lagos.

“Anyone using a license from another regulatory body is still breaking the law under this new rule,” LASERC said.
“All companies working without a LASERC license must stop immediately and apply for one.”

Penalties

Companies that fail to comply will face:

  • A ₦20 million fine, and

  • An extra ₦20,000 for every day they continue without a license.

Operators who are unsure if they need a license are advised to contact LASERC for confirmation to avoid being fined.

The order also states that for now, national guidelines—like tariff rates, safety standards, and metering rules—will still apply in Lagos until LASERC decides to change them.

In the same statement, Dr. Fouad Animashaun, the CEO and Commissioner of LASERC, said the commission is focused on creating a safer and better electricity market in Lagos.

“This new order helps us make sure the power supply in Lagos is safe, efficient, and reliable,” he said.
“We want to protect both electricity users and investors and make sure we follow global best practices.”

Comments

Post a Comment

Popular posts from this blog

Tinubu Reaffirms Commitment to Fighting Corruption, Launches New Asset Recovery Initiatives

Image
  President Bola Tinubu has reiterated his administration’s firm resolve to combat corruption and reclaim looted public assets, stating emphatically that "there will be no safe haven for corruption in Nigeria." Speaking on Tuesday at the Ministry of Justice Asset Recovery Summit in Abuja, themed “Synergising Towards an Effective Assets Recovery and Management,” Tinubu, represented by Madugu Gagare, Permanent Secretary at the Office of the Secretary to the Government of the Federation, emphasized that asset recovery remains a cornerstone of Nigeria’s anti-corruption efforts. “Asset recovery sends a strong message—corruption will find no refuge in Nigeria. We are committed to restoring public trust and ensuring every kobo of recovered funds is used for the public good,” he declared. The president condemned the harmful impact of corruption on national development, especially in critical sectors such as healthcare, education, and infrastructure. He stressed that recovered fun...
Read more

Dangote Projects $7m Daily Revenue from Fertiliser Exports in Two Years

Image
 President of Dangote Industries Limited, Aliko Dangote, has announced that the company is on track to export approximately 16,000 tonnes of fertiliser daily within the next two years—an initiative expected to generate between $6.5 million and $7 million in daily revenue for Nigeria. Dangote made this known on Monday during a courtesy visit to the Nigerian Ports Authority (NPA) headquarters in Marina, Lagos. He noted that the fertiliser export programme would position Dangote Industries as a major contributor to Nigeria’s foreign exchange earnings. “In the next two years, we will be exporting about 16,000 tonnes of fertiliser daily. That’s roughly $6.5 to $7 million in daily inflows to the country,” he stated. “With this level of export, our company will become a leading source of forex earnings for Nigeria.” The industrialist also revealed that coal exports would begin in the coming weeks, alongside increased output from the Dangote Refinery. “In a few weeks, we will start expo...
Read more

Tinubu Applauds Ogun for Hosting World-Class National Sports Festival

Image
President Bola Tinubu has praised the Ogun State Government for successfully hosting a world-class 22nd edition of the National Sports Festival, which concluded in Abeokuta on Thursday. Represented by Senate President Godswill Akpabio, President Tinubu joined Ogun State Governor Dapo Abiodun, Bayelsa State Governor Douye Diri, and other top dignitaries from across the country at the closing ceremony held at the MKO Abiola Sports Arena. The festival wrapped up after 12 days of intense and vibrant competition across Abeokuta and other designated venues in the state. President Tinubu also lauded the determination and sportsmanship of the athletes who brought life to the games from May 16 to May 30. “To every athlete who competed, consider yourself discovered. Your participation symbolizes the unity and cooperative spirit that defines our federal system and strengthens our nation,” he said. “Your enthusiasm and dedication played a vital role in the success of this remarkable event ho...
Read more