Lagos state reveals shocking amount Lagosians spend to fuel generators yearly

• The Lagos authorities has revealed that residents walk astir N14 trillion annually connected substance for 4.5 cardinal generators utilized successful homes and businesses
• A study highlighted the inefficiency and biology interaction of these generators, which collectively nutrient 21,000 megawatts of power
• Governor Sanwo-Olu stressed the state's committedness to addressing vigor entree done diversified and cleanable vigor sources

Legit.ng writer Victor Enengedi has implicit a decade's acquisition covering Energy, MSMEs, Technology, Banking and the Economy.

Lagos State Commissioner for Energy and Mineral Resources, Biodun Ogunleye, revealed that Lagos residents walk astir N14 trillion each twelvemonth connected substance for their powerfulness generators.

He explained that determination are astir 4.5 cardinal generators successful homes and offices crossed Lagos, consuming astir 16 cardinal litres of substance annually.

Lagos residents pain done N14 trillion substance yearly to powerfulness generators for homes, businesses
Source: UGC

Ogunleye made these remarks during the opening of the ongoing Lagos Energy Summit, titled "The Journey to Energy for All."

In his speech, helium emphasized that the acme aimed to bespeak connected and reaffirm a committedness to providing vigor to each household and business.

He besides expressed interest implicit the long-standing contented of predominant powerfulness outages successful Lagos.

The commissioner highlighted that a associated survey conducted by the Ministry of Energy and Mineral Resources and SEforALL had revealed the grade to which Lagos depends connected self-generated power.

He said:

“Lagos has an estimated 4.5 cardinal generators dispersed crossed residential homes, marketplace clusters, and MSMEs.“These generators devour 16 cardinal litres of substance annually, costing Lagosians astir N14 tn astatine today’s mean terms of N900/litre.“They emit 38 cardinal tonnes of CO each year—a shocking opposition to full countries similar Togo (9.8m), Rwanda (10.6m), and Gabon (10.2m).”

He explained that these generators collectively make a immense 21,000 megawatts of power, but bash truthful successful a mode that is inefficient, costly, and private.

The survey recovered that 72% of households ain astatine slightest 1 generator, 94% of tiny businesses beryllium connected them, and 76% of marketplace areas cannot run without them.

He mentioned that the Electricity Act signed by President Bola Tinubu successful 2023 has allowed states similar Lagos to instrumentality power of their ain energy markets.

With the Lagos Electricity Law signed by Governor Babajide Sanwo-Olu, the commissioner highlighted that the authorities plans to diversify its vigor sources, incorporating solar, gas, hydro, and different cleanable vigor options.

In his speech, Governor Sanwo-Olu expressed shame that Nigeria is inactive struggling with mediocre energy proviso successful today's world.

He emphasised that successful creating a astute city, nary location should beryllium near without powerfulness successful the 21st century.

Sanwo-Olu stated that Lagos is committed to solving vigor entree issues successful a sustainable way, and that this imaginativeness supports planetary clime goals aimed astatine creating a resilient and sustainable aboriginal for aboriginal generations.

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Source: Legit.ng