Oyo State Governor, Seyi Makinde has signed the Oyo State Electricity Regulatory Commission Bill into law.
Makinde made this known on his official X on Friday, saying that the newly-signed law will enable Oyo State to manage electricity generation, transmission and distribution.
The Governor noted that this development is also in line with advocating for fiscal federalism.
“In my remarks during the signing, I said amendments of the constitution like these is what we mean when we advocate for fiscal federalism,” he wrote on X.
“In years to come as we work towards energy sufficiency, our people can hold State Governments accountable on the issue of electricity supply.”
Makinde had said on Tuesday during the 20th Anniversary celebration of the British American Tobacco Ibadan Plant that the Oyo State Electricity Regulatory Commission Bill would soon be signed into law.
“We will look forward to working with BAT to improve electricity supply in the state, this is pretty much in line with our aspiration in Oyo State. For us, energy sufficiency is a big part of this administration,” the governor stated.
“One thing I want to say is that we have also been working on the legal end of things. You know the constitution has just been amended.
“The House of Assembly has just passed the bill and I will be signing the bill into law before the end of this week. The bill has created the Electricity Regulatory Commission in the state.”