Adeleke Signs Electricity Market Bill, Startup Act into Law as Osun Deepens Tech and Energy Reforms

Sunday Okunade
Osun State Governor, Senator Ademola Adeleke, has signed two landmark bills into law;  the Osun State Electricity Market Bill and the domestic version of the Nigerian Startup Act, marking a major push in the state’s drive toward energy diversification and technology-driven development. 

Speaking at the event which was held at government house, Oke-fia, Osogbo, Governor Adeleke described the Electricity Market Bill as a historic step that grants Osun the legal backing to manage, regulate, and expand its power sector at the subnational level. He directed the Ministry of Energy to immediately establish an implementation mechanism that will open the sector to private investment and improve power access for residents. He added that the state’s renewable energy agenda remains on course and will further enhance consumer satisfaction and energy security.

Similarly, the Governor announced the signing of the Nigerian Startup Act, effectively domesticating the national law in Osun and creating a clearer legal pathway for digital entrepreneurs and innovators. He ordered the establishment of the Osun Tech Trust Fund to finance digital initiatives, startup growth, and emerging tech infrastructure. 
The state helmsman also highlighted other ongoing efforts, including the development of a 20-hectare Osun Digital City, deployment of Imole EduPods across schools, and preparations for the Osun Tech Festival scheduled for February 19–20, 2026.

Reaffirming his administration’s commitment to good governance, Adeleke emphasized that his government prioritizes compassion, transparency, and development-focused leadership, maintaining that Osun is experiencing unprecedented innovation across security, digital governance, and economic reforms. He stressed that his administration has delivered tangible results without diverting public resources or making empty promises.
While speaking, the Speaker, Osun State House of Assembly, Rt. Hon. Adewale Egbedun, said the signing of the Startup Law, the Electricity Market Regulatory Law, and the Estate Agency Regulatory Authority Law marks another significant milestone in Osun’s development journey. He explained that the Startup Law provides essential support, funding pathways, and protections for young innovators, while the Electricity Market Law opens fresh opportunities in energy and investment by creating a transparent and competitive power sector. He added that the Estate Agency Law will safeguard citizens, improve transparency in property transactions, and strengthen the real estate value chain.

Egbedun noted that with the passage of these bills, the Assembly has now delivered 42 laws aiming at strengthening institutions, improving governance, and expanding economic opportunities across the state.

 While reaffirming that Osun is open for innovation, investment and committed to building a future where every citizen has the opportunity to thrive, the lawmaker thanked Governor Adeleke for his partnership and acknowledged the contributions of young innovators, the tech ecosystem, and real estate professionals.  
Also speaking, Commissioner for Ministry of Energy, Hon. Festus Adeyemo noted that Osun energy sector will become a model for others to emulate as the ministry will work to ensure all challenges facing energy generation becomes a things of the past. He  eulogized the Governor for his commitment to boosting energy generation in the State.
Earlier, in his address of welcome, the Special Adviser to the Governor on Innovation, Science, Technology and Digital Economy, Hon. Azeez Badmus, said the platform brings bright minds together to share ideas and drive growth in the tech community, noting that expanding digital connectivity, ICT training, and supportive innovation spaces are creating opportunities for youths and startups across Osun. He added that these efforts are preparing the next generation for a tech-driven economy and urged participants to engage, share insights, and work together to shape the state’s innovative future.

Comments

Post a Comment

Popular posts from this blog

2026 Hajj fare: OSPWB announces ₦7.9m per Pilgrim

Image
  ... Slates Dec,5, 2025 as deadline for payment        By Alabi Olawale      From the hitherto N8,784,085.59 payment made by each pilgrim from the state during the last 2025 hajj exercise, the Osun State Muslim Pilgrims Welfare Board has officially announced N7,991,200.00 as the newly approved Hajj fare per pilgrim for 2026. The Executive Secretary of the Board, Muritala Fakunle made this known in a statement made available to newsmen. Fakunle said the reduction in fare  was sequel to a downward review by the National Hajj Commission of Nigeria          (NAHCON) which put the new fare for Osun  at N7,991,141.76. The Secretary of the Board who described the development as a cheering news, however, implored all intending Muslim pilgrims from the state to make their payments before the December 5, 2025 slated by the Board officially as deadline for complete payment in order to facilitate timely remitta...
Read more

Ipetumodu Youth Movement protest over poor power supply in the town

Image
..... gives IBEDC four days ultimatum to resolve electricity challenges facing the community The Great Ipetumodu Youth Movement (GIYM) on Thursday staged a peaceful protest against the Ibadan Electricity Distribution Company (IBEDC) over the persistent epileptic power supply in Ipetumodu and its environs. The protest, which took place at the IBEDC office in Ipetumodu and the Control Room in Moro, was led by the President of GIYM, Comrade Babalola Taiwo, popularly known as Bablo.  During the demonstration, Com. Babalola emphatically expressed the movement's displeasure over the nonchalant attitude of IBEDC staff towards resolving the electricity challenges faced by the community. In his address to IBEDC representatives, Com. Babalola issued a stern ultimatum, giving the electricity company a four-day deadline to restore an adequate power supply to the town.  He stressed that the people of Ipetumodu and its environs deserve a minimum of 12 hours of electricity daily,...
Read more

The Crucial Role of Environmental Health Officers in Abattoir Management and Sanitation

Image
By San. Dr. Akinyele Cyril Babasope. PhD, fwapceh, Ciml Abattoirs, also known as slaughterhouses, play a vital role in the food industry, providing a safe and humane environment for animal slaughter and meat processing. However, these facilities also pose significant environmental and health risks if not properly managed. This is where Environmental Health Officers (EHOs) come in – playing a critical role in ensuring the safe operation of abattoirs and protecting public health, as mandated by the World Health Organization (WHO) and national laws. Importance of Environmental Health Officers in Abattoir Management In Nigeria, the Environmental Health Council of Nigeria Act 11 of 2002 (as amended) empowers EHOs to regulate and monitor abattoir operations. Similarly, the Environmental Health Practice Regulation of 2024 provides guidelines for EHOs to ensure compliance with environmental health standards. EHOs perform the following crucial functions: 1. Inspections a...
Read more