The Lagos State Government says it is engaging 22 investors to increase electricity supply and achieve an additional 2,000 megawatts of power by March 2027, as it seeks to reduce dependence on the national grid.
Governor Babajide Sanwo-Olu disclosed the target at the Lagos Energy Summit 2026, themed “Lagos Energy Evolution: Transforming the Future”, on Wednesday.
Represented by the Secretary to the State Government, Abimbola Salu-Hundeyin, the governor said unreliable electricity and high energy costs continued to affect manufacturers, small businesses and households.
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“Manufacturers, small businesses, and households have continued to bear the burden of unreliable electricity and high energy costs,” he said.
Sanwo-Olu said his administration was working to improve power infrastructure, reform the electricity market and encourage private-sector investment.
He added that the state’s market restructuring was intended to establish clear rules for licensing, consumer protection and accountability among electricity providers.
The Commissioner for Energy and Mineral Resources, Biodun Ogunleye, said the state was in discussions with about 22 investors to conclude transactions in the energy sector.
He also disclosed that the government was working with federal authorities to resolve outstanding bottlenecks involving Power Purchase Agreements.
Ogunleye said the state’s electricity strategy covered generation, transmission and distribution, with plans to automate energy assets to tackle electricity theft and vandalism.
He added that Lagos was exploring renewable energy sources, including solar, wind and hydropower, as part of efforts to diversify its electricity supply.
The Permanent Secretary in the Ministry of Energy and Mineral Resources, Ibilola Kasunmu, said Lagos had an estimated population of 22 million people and electricity demand of about 6,000MW.
However, she said the state currently received less than 1,000MW from the national grid, leaving a significant gap between demand and available supply.
Kasunmu attributed the shortfall to inadequate generation, gas supply constraints, weak transmission infrastructure and poor collection systems.
She said the state was pursuing embedded power generation and waste-to-energy projects, alongside a joint technical working committee with the Federal Government, to address the deficit.
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