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New Lagos Electricity And Property Laws by metronaijaNG: 4:00pm On Feb 03, 2018 |
The Lagos State Government has perfected plans to bring about a quantum leap to the State’s economy in 2018 through the Embedded Power Supply Project and the review of the Land Use Charge Law. The power project, aimed at delivering an estimated 3,000 Megawatts to homes and industries, is expected to lift the economy of Lagos which is Nigeria’s industrial hub, while the revised Land Use Charge Law had been designed to improve the values of property in the State. The State’s House of Assembly had last week announced the passage of two bills expected to provide the legal framework for the programmes by enacting the Lagos State Embedded Power Supply Law 2018 and the Lagos State Land Use Charge Law 2018. Both laws are expected to be signed this week by the State Governor, Mr. Akinwunmi Ambode. Speaking on the development, Commissioner for Information and Strategy, Mr Kehinde Bamigbetan said the two strategic laws were part of the grand plan of the present administration to boost the economy and make life easier and comfortable for the people. He said: “The Embedded Power Supply programme will provide the enabling environment for the private sector to generate not less than 1000 mega watts every year in the first phase of three years by using gas to produce power and distributing the electricity to consumers. “As enabler, the Lagos State Government will guarantee the off-take of the generated power. “This new product is expected to expand the distribution network and increase metering capacity of the electricity distribution firms in Lagos State including Eko Distribution Company and Ikeja Electricity Distribution Company.” Bamigbetan said to ensure return on investment by participating companies and encourage more electricity companies to invest in the embedded power sector, the law has been arranged to provide the framework for the government to support the firms in the collection of tariffs and enforcement of contracts. Speaking further, the Commissioner said: “A novel feature of the law is the introduction of provisions for the prosecution and sentencing of those who tap electricity illegally or use the power produced through the embedded power system without entering into contracts with the companies. “Defined as power theft, industry watchers believe that this is the first law to provide penalties for a major cause of financial failures of electricity companies and with regular power supply in homes and industries, the Lagos State Government expects a giant leap in the production and growth of the economy,” Bamigbetan said. Besides, the Land Use Charge Law is considered as the answer to the agitations of residents for a transparent process of determining rates. Under the revised law, estate valuers authorised to assess and value tenements will ensure that the data are reliable and the indices are explicit. The revised law also exempts tenements owned by non-profit organisations, religious bodies and public cemeteries and burial grounds. http://www.metronaija.ng/new-lagos-electricity-property-laws/ 1 Like |
Re: New Lagos Electricity And Property Laws by TheFreeOne: 4:09pm On Feb 03, 2018 |
Like Lekki Epe expressway tollgate it's all about more money to LASG. Ambode on overdrive for more IGR Itesiwaju eko ni koko. 10 Likes |
Re: New Lagos Electricity And Property Laws by Omololu2121: 4:19pm On Feb 03, 2018 |
Where Lagos state government wan get gas from? Niger delta 17 Likes |
Re: New Lagos Electricity And Property Laws by Nobody: 6:10pm On Feb 03, 2018 |
I have been wondering why LASG has failed to explore the power situation in this state and create whealth 1 Like |
Re: New Lagos Electricity And Property Laws by baralatie(m): 6:41pm On Feb 03, 2018 |
Lagos state should remember that any establishment that produces power above 100kw must get their license from the federal govt nt the state govt and all such power must be transfered to the national grid first 22 Likes |
Re: New Lagos Electricity And Property Laws by baralatie(m): 6:43pm On Feb 03, 2018 |
another land use charge? 1 Like |
Re: New Lagos Electricity And Property Laws by Nobody: 6:57pm On Feb 03, 2018 |
I think Ambode has done well. 3 Likes |
Re: New Lagos Electricity And Property Laws by Nobody: 6:57pm On Feb 03, 2018 |
Check my signature for land deals |
Re: New Lagos Electricity And Property Laws by HajimeSaito(m): 6:59pm On Feb 03, 2018 |
All these plans that never come to fruition. Well, I'll believe it when I see it. Meanwhile the search for Buhari's brain continues... 15 Likes |
Re: New Lagos Electricity And Property Laws by wellmax(m): 7:00pm On Feb 03, 2018 |
Omololu2121: They can buy from anywhere. 7 Likes |
Re: New Lagos Electricity And Property Laws by wellmax(m): 7:01pm On Feb 03, 2018 |
baralatie: Oshey Oga moderator. They already know 3 Likes |
Re: New Lagos Electricity And Property Laws by Donald3d(m): 7:01pm On Feb 03, 2018 |
Na wa o |
Re: New Lagos Electricity And Property Laws by Fesomu(m): 7:03pm On Feb 03, 2018 |
Omololu2121:Why can't your Biafra brothers stay in niger delta and eat their oil and gas?? All our shops are with u guys and we no even dey complain 7 Likes |
Re: New Lagos Electricity And Property Laws by baralatie(m): 7:03pm On Feb 03, 2018 |
wellmax:and do they also know that it is only the fg that can sell power! |
Re: New Lagos Electricity And Property Laws by kolexy(m): 7:03pm On Feb 03, 2018 |
Omololu2121: Àjé field in Lagos 10 Likes |
Re: New Lagos Electricity And Property Laws by deomelllo: 7:06pm On Feb 03, 2018 |
baralatie: It is going to be off grid. 6 Likes |
Re: New Lagos Electricity And Property Laws by baralatie(m): 7:09pm On Feb 03, 2018 |
deomelllo:any power that is off grid in excess of 100kw can not be sold to the public for whatever reason apart from the establishment making sure it gets that production license 4 Likes |
Re: New Lagos Electricity And Property Laws by deomelllo: 7:11pm On Feb 03, 2018 |
Omololu2121: Gas is an international commodity, they can buy from anywhere and even import from anywhere if necessary. . 7 Likes |
Re: New Lagos Electricity And Property Laws by Daranoble(m): 7:12pm On Feb 03, 2018 |
08134416608 for details
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Re: New Lagos Electricity And Property Laws by arrestdarrester: 7:13pm On Feb 03, 2018 |
baralatie: I want to believe LASG must have taken that into consideration. There must be a policy in the Electricity Regulatory Agency under the Ministry of Power that allows for players other than GENCOs to generate power for commercial purposes. But come to think of it Ooo, we are long overdue for this as a Nation. 5 Likes |
Re: New Lagos Electricity And Property Laws by deomelllo: 7:14pm On Feb 03, 2018 |
baralatie: NERC approves Lagos 3,000MW embedded power project I don't know where you get your facts from, but this is strictly going to be embedded in Lagos and totally off grid and it's already been approved by NERC. 5 Likes |
Re: New Lagos Electricity And Property Laws by deomelllo: 7:21pm On Feb 03, 2018 |
With this law and framework, Lagos state is doing what the FG refused to do before Fashola . Lack of guarantees, legal framework and guarantees have been keep power investors away from Nigeria for decades. If you want investors to invest their money, you better produce iron clad legal frame work and guarantees to make sure their their investment is guaranteed and profitable. 5 Likes 1 Share |
Re: New Lagos Electricity And Property Laws by baralatie(m): 7:23pm On Feb 03, 2018 |
deomelllo:the eko and Ikeja are discos on the national grid |
Re: New Lagos Electricity And Property Laws by wellmax(m): 7:23pm On Feb 03, 2018 |
baralatie: Everybody in the house of assembly does not know The governor does not know The commissioner does not know too. The are all in kindergarten. Thank you Oga know it all, I'll tell them to always consult you next time. 15 Likes 1 Share |
Re: New Lagos Electricity And Property Laws by deomelllo: 7:28pm On Feb 03, 2018 |
baralatie: And so what? You mean they can not get off grid power because they are connected to the power grid? I just showed you the agreement and approval by NERC. It's not by force to argue. 4 Likes |
Re: New Lagos Electricity And Property Laws by baralatie(m): 7:29pm On Feb 03, 2018 |
arrestdarrester:nerc allows for private participation both in terms of those who wants to produce for itself e.g if the enterprise is a large consumer but it will not sell to the public. other producers of large production must approach nerc to first deliver its electrical power cargo on its national before it can say thus is want we want in return yet it cannot sell 1 Like |
Re: New Lagos Electricity And Property Laws by yomalex(m): 7:29pm On Feb 03, 2018 |
ok |
Re: New Lagos Electricity And Property Laws by jamjo: 7:30pm On Feb 03, 2018 |
metronaijaNG: Decentralize the power sector and see how fast 24 hours electricity will be a reality in some states or if not all. 7 Likes 1 Share |
Re: New Lagos Electricity And Property Laws by baralatie(m): 7:32pm On Feb 03, 2018 |
deomelllo:you are the one that likes to argue.whatever the private firms produce it goes on the national grid there is nothing anybody can do about it.Lagos state has eko and Ikeja disco that buy from the national grid.it cannot buy from the private producers of power |
Re: New Lagos Electricity And Property Laws by deomelllo: 7:34pm On Feb 03, 2018 |
baralatie: NERC approves Lagos 3,000MW embedded power project Have I not showed you facts that it's going to be off grid and it's already been approved by NERC? 4 Likes |
Re: New Lagos Electricity And Property Laws by Nobody: 7:36pm On Feb 03, 2018 |
. 1 Like
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