Buy LG Appliances
HomePowerLagos Unveils Electricity Policy

Lagos Unveils Electricity Policy

...reiterates commitment to reliable electricity access for residents

Lagos, Nigeria, 8th December 2021: The Lagos State Government has announced the launch of its new electricity sector policy, designed to meet urban planning standards, and satisfy the demand for various social amenities, while improving economic opportunities in the state.

Held at the Eko Hotels, the launch of the state’s electricity policy, brought together leading stakeholders and policymakers from the power and energy sector in the state, towards the actualization of the Governor Babajide Sanwo-Olu led administration’s commitment, to ensure universal and reliable electricity access for all residents across the state.

Unveiling the policy, The Executive Governor of Lagos state, Mr Babajide Sanwo-Olu, commended the Lagos State Commissioner for Energy and Mineral resources, Mr Olalere Odusote and his team for their commitment towards the achievement of the Lagos State’s vision of providing reliable electricity for Lagosians at all levels

Today’s unveil of the Lagos State electricity policy is a welcome development that will significantly improve the viability of investments in the Lagos State Electricity Market. while the unveiling of this policy is laudable,  the implementation is a collective one, that would require the collaboration of all stakeholders. Therefore, everyone has a role to play, from Government to individual residents and even corporate bodies, we all must recognize our different roles and commit to acting in good faith, only then will everyone enjoy the full benefit of this policy”

The event featured a panel session attended by policy makers, business leaders, Government representatives and leading investors across the states public and private sectors, with conversations centered around implementing a holistic solution that delivers clean, adequate and reliable electricity supply within the geographical territory of the state.

Speaking during the launch, Honorable Commissioner for Energy and Mineral resources, Lagos State, Mr Olalere Odusote,  described the launch of the electricity policy as an important milestone that will accelerate the state government’s vision of making Lagos a 21st century economy

“Lagos state is not just Nigeria’s most populous state, it is also the commercial center of the country and a major centre for both domestic and international trade as well as labour mobility, we are committed to sustaining an enabling environment for an electricity market that support the huge demand that the growth in Lagos generates, and the launch of this policy is a step in the right direction towards the achievement of this goal”.

The new policy articulates the vision of the Lagos State government on the necessary constitutional, legal, engineering, and commercial foundations for creating a viable sub-national electricity sector that caters fully to the needs of its citizens, while enabling significant socio-economic growth and development both for Lagos State and the country at large.

The Lagos electricity policy also ensures that future electricity solutions are not only available but environmentally friendly with alternative power backup solutions.

With its Integrated Resource Plan (IRP) in partnership with the United States Agency for International Development (USAID), the policy is expected to significantly contribute to the reduction of carbon emissions and improve the quality of life of the people of Lagos.

Related Topics

Paschal Okafor is NaijaTechGuide Team Lead. The article Lagos Unveils Electricity Policy was written by NaijaTechGuide Team. The article was last modified: December 15th, 2021
AliExpress 11 11 Sales
NaijaTechGuide may receive financial compensation for products/services purchased through affiliate links on this site. See full Affiliate Disclosure Here
NaijaTechGuide Team
NaijaTechGuide Team
NaijaTechGuide Team is made up of Experienced Tech Enthusiasts and Professionals led my Paschal Okafor, a graduate of Electrical and Electronics Engineering with over 17 years of Experience writing about Technology. Some of us were writing about Mobile Phones before the first Android Phones and iPhones were launched.

Recommended Read on NaijaTechGuide

Best Content Marketing Tools for 2023

As a content marketer, you have a lot of tasks to accomplish. You need...

Best VPN Services Providers for 2023

The internet is one of the greatest achievements of humanity, but it is also...

Best Laptops for Students 2023: 11 Top Picks to Choose From

So, you are a student who is looking to get the best laptop they...

Cheap Android Phones 2023 – Price, Specs, and Best Deals

Android phones are the most popular smartphone category. The popularity of Android phones are...

Best Android Phones 2023 – Price, Specs, and Best Deals

New Android Phones are launched into the market every week. This means that if...

Best Web Hosting Services for Building Websites in 2023

A good and reliable web hosting service will make a big difference for your...
Jumia Black Friday Deals

More like this

Sun King Solar Inverter: a Permanent Solution to Power Problem in Nigeria

Sun King, an international company that designs, distributes, installs, and finances solar energy solutions,...

Integration of Blockchain with Advance Smart Grids

Blockchain technology changes how companies interact with their partners, suppliers, and customers. For example,...

6 Features To Look For In A Portable Power Station

Portable power stations are becoming increasingly popular as they offer a convenient way to...