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 r...