Lagos State Government has unveiled bold future plans aimed at achieving universal energy access, improving electricity reliability, and stimulating local manufacturing of power infrastructure components.
The state’s Commissioner for Energy and Mineral Resources, Biodun Ogunleye, spoke about the roadmap, yesterday, during the ongoing media briefing to mark the second year of the second term of Governor Babajide Sanwo-Olu’s administration.
Ogunleye said that key among the ministry’s forward-looking initiatives was the full implementation of the Lagos Electricity Market structure under the Lagos State Electricity Law, 2024, which will involve licensing independent electricity distribution companies, supporting embedded generation, and operationalising the Lagos Independent System Operator (LISO) to stabilise the power ecosystem.
He said that the ministry would complete and energize eight interconnected mini-grids in underserved communities, with plans to scale up such interventions across rural and riverine areas.
The commissioner further disclosed that the state would partner with local and international investors for the local manufacturing of power assets, such as transformers, meters, cables, and switchgears.
This, according to him, will not only strengthen the energy value chain but also create jobs and boost industrial capacity while also reducing import dependency on the part of the state government.