Steps to make Lagos a 24-hour economy through sustainable and dependable energy sources have been assured by the Lagos State Government.
The Ministry of Energy and Mineral Resources has announced an ambitious future blueprint for universal energy access, enhancing the dependability of electricity, and promoting domestic production of power infrastructure components in order to realize this objective.
Engr. Biodun Ogunleye, the Commissioner for Energy and Mineral Resources, spoke about these strategic aims during the ongoing Ministerial Press Briefing to mark Governor Babajide Sanwo-Olu’s six years in office.
According to Ogunleye, one of the Ministry’s main projects is the complete implementation of the Lagos Electricity Market structure as outlined in the Lagos State Electricity Law, 2024. This will entail opening the Lagos Independent System Operator (LISO) to the public, assisting embedded generation, and licensing independent electricity distribution companies in order to stabilize the power ecosystem.
“With dependable and sustainable energy solutions, we are taking intentional steps to transform Lagos into a 24-hour economy,” Ogunleye said.
In underprivileged communities, he added, the Ministry is also attempting to finish and power eight interconnected mini-grids, with ambitions to expand these interventions throughout rural and riverine regions.
“Long-term energy planning and infrastructure investment will be guided by the existing Lagos Integrated Resource Plan.”
Read Also: Ronaldo Bags Second Golden Boot in a Row, Tops Benzema, Toney
Speaking further, Engr. Ogunleye revealed that agreements are also being reached to collaborate with domestic and foreign investors on the local production of power assets such switchgear, transformers, meters, and cables.
Ogunleye asserts that this will not only improve industrial capacity and create jobs, but also enhance the energy value chain and lessen the State Government’s reliance on imports.
Lagos is also planning to strengthen its partnership with the Rural Electrification Agency and activate the Lagos State Electrification Agency (LSEA) as part of the DARES initiative to make sure that no community is left behind in the energy transformation.
“If all of these plans come to fruition, Lagos will have effectively established itself as a model for sub-national energy transformation in Africa, utilizing partnerships, technology, and policy to drive prosperity,” the Commissioner stated.
