… directs Ministry of Energy to fast-track implementation
Oredola Adeola
Senator Ademola Adeleke, Governor of Osun State, has signed the Osun State Electricity Market Regulatory Bill 2025 into law, marking a key step towards the subnational management and expansion of the state’s power sector.
Advisors Reports gathered that the Governor signed the bill on Thursday in Osogbo, Osun State.
Governor Adeleke has therefore directed the Ministry of Energy to swiftly establish a mechanism for the bill’s implementation.
He emphasized that his administration’s reforms in the energy sector continue, backed by a new legal framework that opens the power space to investment and renewable solutions.
In a recent statement, the Osun State Governor noted that the new law will promote the diversification of the state’s energy mix, encouraging the adoption of clean energy technologies, including mini-grids and solar power.
Recall that the bill, passed by the Osun State House of Assembly on July 28, 2025, establishes a state-level electricity regulatory commission aimed at protecting consumers from exploitation while attracting private sector investment into the power industry.
Advisors Reports gathered that following the Governor’s recent signing of the Osun State Electricity Market Regulatory Bill 2025, the state is now expected to formally apply to the Nigerian Electricity Regulatory Commission (NERC) under the provisions of the Electricity Act, facilitating an orderly transition of powers to its intra-state electricity market.
Adetayo Adegbemle, Executive Director of PowerUp Nigeria, in response to the development, emphasised that the Governor’s consent signals Osun State’s readiness to take control of its electricity future, setting the stage for accelerated electrification and a boost in industrialization.
He noted that the Governor’s signing of the bill paves the way for the creation of the State Electricity Regulatory Agency (SERA), also referred to as the Osun State Electricity Regulatory Commission (OSERC).
The agency will be empowered to issue licenses to private power producers, mini-grid operators, and other sector investors.
Adegbemle added that the regulation and oversight of the state’s electricity market is expected to resolve customer-service complaints and act as a watchdog against alleged exploitation by existing distribution companies (DisCos), including the Ibadan Electricity Distribution Company (IBEDC).
He emphasized that the new electricity framework is specifically designed to tackle Osun’s chronic power supply challenges and drive widespread electrification.
According to him, by diversifying and regulating its energy sources, Osun state aims not only to achieve self-sufficiency but also to potentially export power to neighboring states.
