Lagos launches new electricity policy December 8

The Lagos state government will formally launch its new electricity sector policy designed to steer investors into its independent power market on December 8, a government representative has said.

Titilola Amodu, geologist at the Lagos state Ministry of Energy in a presentation at the Nordic-Nigerian Connect conference held on Wednesday said the policy will deepen the adoption of green energy in the state.

Under the policy, the state government will establish an autonomous regulatory agency that will license participants to undertake market monitoring and ensure that prices charged by market participants are cost-reflective and fair to end-users.

The state is considering an Integrated Resource Plan (IRP), developed along with United States Agency for International Development (USAID), Power Africa Nigeria Power Sector Programme that will generate, transmit, and distribute power from both gas and renewable energy.

This is expected to significantly contribute to the reduction of carbon emissions and raise the living conditions of Lagosians.