The Lagos State Government and the Lagos Chamber of Commerce and Industry have called for increased investment in Nigeria’s power sector to support decentralisation, improve competition and strengthen energy security for homes and businesses.
The power sector stakeholders had warned at the LCCI Power Sector Conference in Lagos that decentralisation would not deliver results unless the government and the private sector commit fresh capital to upgrade ageing infrastructure, expand generation capacity and modernise distribution networks.
Speaking at conference, the Lagos State Commissioner for Energy and Mineral Resources, Biodun Ogunleye, said that Nigeria had entered “a defining moment” in its energy transition, stressing that decentralisation under the Electricity Act had shifted the conversation from possibilities to delivery.
Ogunleye, represented by the Chief Technical Officer, Ogunade Hamed, stated that Lagos acted early to build a decentralised electricity market but insisted that more investment was needed to upgrade infrastructure and sustain reforms.
“Our distribution and transmission networks require significant investment, refurbishment, and smarter management. We cannot deliver reliability on infrastructure designed for a smaller population and a different economy,” Ogunleye said.
He added that Lagos had created “a clear path toward reliability, affordability and energy access for all” through the Lagos Electricity Law, the Lagos State Electricity Regulatory Commission and the state’s Integrated Resource Plan.
He also listed ongoing projects, including an expanded embedded generation framework for industrial clusters, solar retrofits of 42,000 streetlights and regulations supporting mini-grids and hybrid systems.
But he warned that no state could build a thriving electricity market alone, urging public and private actors to “invest, collaborate and demonstrate the courage to innovate.”
Earlier in his welcome address, the Chairman of the LCCI Power Sector Group, Olufemi Bakare, said that Nigeria stood “at a critical juncture” in its search for sustainable energy solutions, noting that decentralisation efforts would fail unless the country solved its infrastructure deficits.
“Infrastructure optimisation remains a pressing concern, and we must collectively address the obstacles that hinder progress,” he said.
Bakare added that while power generation capacity had improved in recent years, “transmission and distribution bottlenecks persist,” stressing that the country must prioritise solutions that attract investment, promote competition and guarantee energy security for businesses and households.
GIK/APA