The Lagos State Electricity Regulatory Commission (LASERC) has identified 38 companies operating in Lagos that have failed to regularize their electricity generation permits under the state’s new regulatory framework. Despite previous directives, major entities including MTN Nigeria, Flour Mills, and various industrial operators continue to generate a combined total of nearly 600 megawatts without the required state licences. LASERC, established following the 2023 Electricity Act, warned that continued non-compliance will lead to enforcement actions and legal penalties.