How Lagos Is leading Africa with a fully regulated electricity market

• Lagos State is acceptable to go the archetypal subnational entity successful Nigeria and among the fewer successful Africa to found a afloat regulated, autarkic energy marketplace done its integrated energy argumentation and the Lagos Electricity Market
• The inaugural aims to amended vigor access, pull investment, and modernise the state’s vigor ecosystem with a absorption connected integer monitoring, cleanable fuels, and section infrastructure production
• A caller concern with the national authorities volition besides accelerate energy transportation to underserved communities, boosting economical maturation and improving residents’ prime of life

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

As the archetypal subnational entity successful the federation and 1 of the fewer successful Africa to make a afloat regulated, autarkic energy market, Lagos State is poised to marque history.

The authorities authorities is integrating each of its power-related policies into a single, broad energy policy. Photo Credit: Lagos Govt, Contributor
Source: Getty Images

The authorities authorities is integrating each of its power-related policies into a single, broad energy argumentation arsenic portion of a betterment to modernize its energy ecosystem. This strategy aims to amended vigor availability, pull investment, and accelerate growth.

Commissioner for Energy and Mineral Resources, Abiodun Ogunleye, made the announcement during the 2025 Ministerial Press Briefing held successful Alausa, Ikeja.

The lawsuit was portion of activities marking the 2nd day of Governor Babajide Sanwo-Olu’s 2nd word successful office.

He said:

“We are consolidating our vigor frameworks into 1 cohesive papers that volition assistance to streamline implementation and thrust strategical partnerships. This revised Integrated Resource and Strategic Plan volition reposition Lagos arsenic a hub for sustainable powerfulness solutions.”

Ogunleye clarified that the caller program is simply a strategical roadmap that volition nonstop concern from the nationalist and backstage sectors passim the energy worth chain, not simply an administrative update. Once approved by the governor, the program volition service arsenic the blueprint for a revolutionary alteration successful the state’s electricity generation, distribution, and consumption.

Central to this alteration is the planned Lagos Electricity Market (LEM), a first-of-its-kind subnational vigor marketplace that volition run with its ain regulatory framework. Ogunleye said that LEM volition beryllium equipped with integer technology to way energy accumulation and depletion successful existent time, guaranteeing transparency, efficiency, and beardown user protection.

“The LEM volition beryllium powered by integer tools to show procreation and usage successful existent time. This volition guarantee transparency, pull investors, and support consumers,” helium said.

The instauration of LEM aligns with caller law reforms that assistance Nigerian states the authorization to autonomously modulate and negociate energy proviso wrong their borders; Lagos is present positioned to pb this development.

According to Ogunleye, this determination volition warrant dependable powerfulness availability for the state’s expanding industries and colonisation portion fostering a favourable concern climate.

“We privation a argumentation situation that is not lone investor-friendly but besides serves the vigor needs of Lagosians efficiently,” helium added.

The authorities and the national authorities person signed a memorandum of knowing to expedite the transportation of energy successful underserved communities. Ogunleye described the collaboration arsenic a important turning constituent that volition rise economical productivity and amended the prime of beingness for galore residents.

He said:

“This concern with the Federal Government is simply a game-changer. It volition deepen vigor entree and bring much-needed powerfulness to much households and businesses crossed Lagos.”

The Nation reported that the authorities is besides expanding its absorption connected cleanable fuels to enactment its energy betterment strategy. Ogunleye revealed that the state-owned IBILE Oil and Gas sold much than 100 cardinal litres of petrol and 9.6 cardinal kilograms of liquefied petroleum state (LPG) successful the erstwhile year, portion 65 vehicles were converted to tally connected compressed earthy state (CNG).

The authorities is collaborating with backstage assemblage companies to statesman section accumulation of vigor infrastructure. Photo Credit: Contributor
Source: Getty Images

“These figures amusement our committedness to cleaner vigor and economical efficiency. Our state initiatives are reducing emissions and redeeming costs for Lagosians,” helium said.

Power assemblage infrastructure is likewise being localised. Ogunleye revealed that the authorities is collaborating with private assemblage companies to statesman section accumulation of vigor infrastructure, including meters, transformers, cables, and switchgear.

He stated that this would boost the section economy, make jobs, and trim reliance connected imports.

Distribution institution acceptable to physique star vigor project

Legit.ng reported that J-Marine Logistics Limited and Kaduna Electric Distribution Company (KEDCO) person inked a memorandum of knowing (MoU) for the operation of a 100-megawatt (MW) star vigor project that incorporates a artillery vigor retention strategy (BESS).

The program is simply a important determination toward tackling powerfulness proviso concerns and laying the groundwork for equitable economical maturation and development, according to KEDCO president Aminu Suleiman, who spoke astatine the signing of the Memorandum of Understanding connected Friday successful Kaduna.

According to him, the concern seeks to summation concern productivity, supply cleaner energy, and fortify the dependability of powerfulness supplies.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng