The Lagos State Government has appointed the founding board and management team of the Lagos State Independent System Operator, a newly created body tasked with running the commercial and technical machinery of Nigeria’s most commercially active state electricity market.
The appointments, announced Tuesday, follow the enactment of the Lagos State Electricity Law in 2024, which gave the state authority to operate its own electricity market independent of the national grid framework. Lagos becomes the first Nigerian state to establish a dedicated independent system operator, a structure common in deregulated electricity markets from Texas to the United Kingdom.
Biodun Ogunleye will chair the Governing Board, with Lanre Fagbohun as vice chairman. Additional board members include Abayomi Oluyomi, engineers Ibilola Kasunmu and Muktaar Tijani, and Oladimeji-Yisa Taiwo, who holds the dual role of board member and Managing Director.
The management trio running day-to-day operations brings combined experience spanning decades across power transmission, legal practice, and financial regulation. Taiwo, who will serve as Managing Director, spent more than three decades at institutions including the Central Bank of Nigeria, cutting across financial systems regulation and public policy.
