Ondo State Governor, Lucky Aiyedatiwa, has approved a new law aimed at changing the way electricity is regulated and developed across the state.
The governor’s assent to the Ondo State Electric Power Sector (Amendment) Law, 2026, marks a major step towards giving the state greater control over its electricity market and encouraging investment in the sector.
The legislation provides for the establishment of a State Electricity Regulatory Commission, which will oversee issues including tariffs, licensing, private investments, mini-grid projects and renewable energy.
It also introduces two key bodies, the State Independent System Operator and State Market Operator, to coordinate electricity operations and help create a competitive power market.
The law makes the installation of electricity meters compulsory and provides legal protection for power infrastructure financed by communities and private investors. It also stipulates punishment for the vandalism or sabotage of electricity facilities.
A separate Equipment Standards and Competence Certification Agency will regulate electrical equipment and ensure that professionals involved in the sector meet the required standards.
The legislation also strengthens the Ondo State Power Company and is expected to give investors more confidence to commit funds to power generation, distribution, renewable energy and other related projects.
The state government, in a Thursday statement on its X account, said the new framework was intended to encourage private sector participation and increase access to dependable electricity.
It said the law would “attract private investment, expand electricity access, promote renewable energy” and use reliable power supply to drive industrialisation and economic development.
The government added that the new regulatory arrangements would bring more organisation to the electricity market while improving the business environment for investors.
It also said tougher measures against the destruction of power infrastructure would help protect investments and contribute to a more dependable electricity supply.
The administration believes the new law will help position Ondo for stronger industrial activity, wider economic opportunities and long-term growth in clean and sustainable energy.