Electricity Market Law Will Boost Economic Life of Osun State- Governor Adeleke.

OSOGBO – 29/07/2025 – osunstate.gov.ng

Governor Ademola Adeleke has described the passage into law of the Osun Electricity bill as a major tool to deepen and boost the economy of Osun state.

Reacting to the passage of the executive bill by the State House of Assembly, the Governor said the bill will open windows of opportunities for investors in the power sector with a lot of offgrid generation opportunities.

According to Governor Adeleke, sources of power generation will be diversified, opened up and regulated to address what he called chronic power supply crisis rocking the state.

“The new law will ensure the right energy mix. Renewable energy will complement the traditional energy sources. Osun state is open to new energy sector investors”, the Governor was quoted as saying.

Aside from tapping into various power generation sources in the state, the Governor said the era of exploitation and oppression of Osun people by some officials of Ibadan electricity distribution company is over.

The new law according to the Governor provides for the establishment of the State Electricity Regulatory Agency to regulate and monitor the electricity market as well as attend to service delivery issues by the distribution company.

He stressed that the commission will be empowered to address complaints of electricity users and act on the activities of the distribution company, warning that the Disco should sit tight now ahead of the eventual take off of the commission.

“The regulatory commission will be addressing critical issues relating to customer – service providers complaints. It will grant licenses to power generators among others. The commission will not allow current maltreatment of electricity users in the state.

“I will invite all stakeholders to the signing into law ceremony. The business community in Osun state should heave a sigh of relief. The much needed policy framework for the state power sector has arrived

The governor commended the House of Assembly, the state Ministry of Energy and all those who worked on the draft bill and participated in the consultation processes leading to the passage by the state assembly.

Signed:
Mallam Olawale Rasheed,
Spokesperson to the State Governor.