Governor Babajide Sanwo-Olu has recently made significant appointments to the Lagos State Electricity Regulatory Commission (LASERC). These appointments, pending confirmation by the Lagos State House of Assembly, are poised to bring about transformative changes in Lagos State’s energy sector. The new members bring a wealth of experience and expertise, which is expected to enhance regulatory compliance, strategic planning, and operational efficiency, ultimately leading to sustainable energy solutions for the state.
Strengthening Regulatory Frameworks
Expertise in Regulatory Reforms
Engr. Abimbola Odubiyi, who has been appointed as Chairman and Non-Executive Commissioner, brings substantial knowledge in regulatory reforms and restructuring of the electricity industry. With extensive experience in both technical and commercial operations across various power stations and network operations, Engr. Odubiyi positions himself as a key figure in driving regulatory compliance and operational efficiency for LASERC. His previous roles, including serving as a Pioneer Commissioner at the Nigerian Electricity Regulatory Commission, further underscore his capability to lead the commission towards achieving its regulatory objectives.
Engr. Odubiyi’s educational background is equally impressive, holding an MBA from Aston University, an MSc in Electrical Power System Engineering, and a B.Sc. in Electrical Engineering from the University of Wisconsin Milwaukee. These qualifications equip him with the theoretical knowledge and practical insights necessary to navigate the complex landscape of regulatory reforms. By leveraging his experience and expertise, LASERC aims to establish a robust regulatory framework that will promote transparency, accountability, and operational efficiency.
Legal Advisory and Compliance
Mrs. Kofo Olokun-Olawoyin, who has been appointed as the Executive Commissioner for Legal Advisory, Registration, and Licensing, is a seasoned legal expert in power sector management. Her extensive experience in legal advisory, regulatory compliance, and power business development is crucial for ensuring that LASERC operates within the legal frameworks and adheres to regulatory standards. Mrs. Olokun-Olawoyin’s previous roles include being a Partner at The Transaction Experts LP and acting as the Chief Power Procurement and Regulatory Officer at Eko Electricity Distribution Plc. These positions have equipped her with the skills and expertise needed to navigate the legal complexities of the electricity sector.
Further solidifying her ability to manage LASERC’s legal frameworks, Mrs. Olokun-Olawoyin possesses an impressive academic background. She holds multiple LLM degrees in International Commercial Law and EU Business and Taxation Law, a BL from the Nigerian Law School, and an LLB from the University of Lagos. By combining her legal expertise with her extensive industry experience, she is well-qualified to ensure that LASERC maintains strict adherence to regulatory standards and operates effectively within the legal boundaries set by the industry.
Enhancing Operational Efficiency
Technical and Strategic Leadership
Dr. Fouad Animashaun, who has been appointed as Executive Commissioner and CEO, is well-versed in energy policy, infrastructure development, and electricity sector reforms. His strategic roles, including Managing Director of Igando Electric and Special Adviser on Power to the Lagos State Government, demonstrate his ability to drive operational efficiency and strategic planning within LASERC. Dr. Animashaun’s academic credentials are equally impressive, having earned a Ph.D. in Energy Policy, an MBA in Oil & Gas Management, and a BSc in Business Administration from the University of Lagos.
His extensive background in strategic roles highlights his ability to oversee and implement operational improvements and effective energy policies. Dr. Animashaun’s experience as a Consultant to the Nigerian Electricity Regulatory Commission (NERC) further underscores his understanding of the electricity market and regulatory environment. As CEO of LASERC, he will be responsible for leading the commission’s efforts in implementing energy policies, infrastructure projects, and reforms that drive operational efficiency and ensure a reliable energy supply for Lagos State.
Engineering and Standards
Engr. Oluwaseun Fadare, appointed as the Executive Commissioner for Engineering and Standards, brings his expertise in engineering and power plant management to LASERC. His previous roles include serving as the Chief Technical Officer at Transcorp Power Limited and Chief Operating Officer at the Niger Delta Power Holding Company. These positions have equipped him with the knowledge and experience needed to ensure efficient operations across the electricity value chain. Engr. Fadare’s academic background includes a Ph.D. and an M.Sc. in Technology Management, along with a B.Sc. in Mechanical Engineering.
His contributions to LASERC will be pivotal in setting and maintaining high engineering standards within the commission. Engr. Fadare’s experience in managing technical operations and his academic qualifications position him to drive technical improvements and operational efficiencies across Lagos State’s electricity sector. By focusing on engineering standards and efficient power plant operations, LASERC aims to enhance the overall performance and reliability of the state’s electricity supply.
Driving Sustainable Energy Solutions
Market Regulation and Innovation
Barr. Bunmi Benson, appointed as Market Operator, is adept at providing strategic legal counsel for high-value projects and partnerships in technology, energy, and digital innovations. Her experience as Lead Counsel at Mike and Jewel Sage and Legal Specialist at Nigeria Inter-Bank Settlement System Plc highlights her ability to navigate the complexities of market regulation and foster innovation. Barr. Benson holds an LL.M. in Petroleum Law and Policy and a Bachelor of Laws (LL.B.) from the University of Lagos, equipping her with the knowledge and expertise needed to drive sustainable energy solutions through effective market regulation.
Her role as Market Operator will involve overseeing the regulatory aspects of market transactions and ensuring compliance with market rules and standards. Barr. Benson’s extensive legal background positions her to effectively manage these responsibilities, ensuring that LASERC fosters a competitive and transparent market environment. By driving innovation and strategic partnerships, she aims to support the development of sustainable energy solutions that can address the growing energy needs of Lagos State.
Strategic Planning and Partnerships
The collective expertise of the newly appointed members of LASERC is expected to foster strategic planning and partnerships essential for achieving sustainable energy solutions. By leveraging their diverse backgrounds and professional experiences, the commission aims to create a robust regulatory framework, drive innovation, and ensure compliance. Engr. Odubiyi’s vast experience in regulatory reforms, Mrs. Olokun-Olawoyin’s legal expertise, Dr. Animashaun’s strategic leadership, and Engr. Fadare’s engineering insights all contribute to a comprehensive approach to energy management.
This multidimensional approach is crucial for addressing the challenges of Lagos State’s energy sector and securing a reliable energy supply for all residents. By aligning their professional experiences with the strategic goals of LASERC, these leaders are poised to drive significant progress in the state’s energy sector. Their joint efforts will focus on operational efficiency, regulatory compliance, and sustainable energy solutions, ultimately supporting the vision of reliable and sustainable energy for Lagos State.
Conclusion
Governor Babajide Sanwo-Olu has recently made noteworthy appointments to the Lagos State Electricity Regulatory Commission (LASERC). These appointments, subject to confirmation by the Lagos State House of Assembly, are set to introduce significant changes in the energy landscape of Lagos State. The newly appointed members bring a vast reserve of experience and specialized knowledge, which is anticipated to greatly improve regulatory compliance, strategic foresight, and operational effectiveness. Their expertise is expected to drive forward sustainable energy solutions, ensuring that Lagos State meets its energy needs in an efficient and environmentally friendly manner. Additionally, these appointments align with Sanwo-Olu’s broader agenda of infrastructural advancement and economic growth, as a robust energy sector is pivotal for industrial expansion and overall development. By prioritizing these key appointments, the governor aims to pave the way for a more reliable and sustainable power supply, which is essential for the prosperity and progress of Lagos State.
