The Lagos State Government has unveiled the Governing Board and Management Team of the Lagos State Independent System Operator (LAISO), a key institution established to oversee the operation of the state’s electricity market and strengthen power supply across Lagos.
The inauguration of the leadership team marks a major milestone in the implementation of the Lagos State Electricity Law (LSEL) 2024, which created LAISO to ensure the efficient, reliable, transparent, and secure operation of the Lagos Electricity Market.
According to the government on Tuesday, LAISO will be responsible for operating the state grid, coordinating wholesale electricity market activities, and managing other system and market functions necessary for the effective functioning of the electricity sector in Lagos.
The newly constituted Governing Board is chaired by Biodun Ogunleye, while Lanre Fagbohun will serve as Vice Chairman. Other members are Abayomi Oluyomi, Engr. Ibilola Kasunmu, Engr. Muktaar Tijani, and Dr. Oladimeji-Yisa Taiwo, who also doubles as the Managing Director of LAISO.
The government said the board will provide strategic direction, policy oversight, and corporate governance, drawing on members’ expertise in electricity systems, engineering, finance, law, regulation, risk management, and executive leadership.
In line with Sections 97(3) and 97(5) of the Lagos State Electricity Law 2024, LAISO will also establish a Member Sector Group Committee comprising licensed users of the Lagos electricity grid and registered market participants.
The committee will serve as a stakeholder engagement platform for transmission-dependent generation and distribution companies, embedded generation firms, Independent Electricity Distribution Networks (IEDNs), grid-connected customers, end-users, and other participants in the electricity market.
The Management Team comprises Oladimeji-Yisa Taiwo as Managing Director, Adetunji Adesanya as System Operator, and Bunmi Benson as Market Operator.
Taiwo brings more than three decades of experience in financial systems regulation, public policy, and corporate leadership, including service at the Central Bank of Nigeria.
Adesanya has over 35 years of experience in transmission operations, grid management, system reliability, and network planning, while Barr. Benson is an energy and legal expert with extensive experience in regulatory compliance, market governance, and commercial transactions.
The government said the management team will oversee the day-to-day administration of LAISO, including system operations, grid coordination, market administration, electricity market settlements, and compliance with technical, commercial, operational, and regulatory requirements.
It described the inauguration of the board and management team as a significant step toward building a reliable, competitive, transparent, and investor-friendly electricity market capable of driving economic growth and improving electricity supply across the state.
The government added that the initiative reflects its commitment to strengthening Lagos’ power sector, attracting investment, and expanding access to reliable electricity for residents and businesses.
It also urged electricity market participants and other stakeholders to support the newly constituted leadership as it begins the task of advancing the Lagos Electricity Market and delivering a resilient and sustainable energy future for the state.