BREAKING: Lagos Targets Additional 2000MW Electricity Supply By March 2027
The Lagos State Government says it is targeting an additional 2,000 megawatts (MW) of electricity supply by March 2027.
The initiative is aimed at addressing rising energy demand and improving power reliability across the state.
Gov. Babajide Sanwo-Olu stated this on Wednesday at the 2026 Lagos Energy Summit, with the theme: ‘Lagos Energy Evolution: Transforming the Future’.
The governor, represented by the Secretary to the State Government, Mrs Abimbola Salu-Hundeyin, said the state was committed to modernising its power sector.
He said this would be achieved through regulatory reforms, infrastructure investments and strategic private-sector partnerships.
Sanwo-Olu said reliable electricity remained fundamental to economic growth, noting that businesses and households continued to face unreliable supply and high energy costs.
“Our administration has been intentional in creating an enabling environment for businesses to thrive through improved power infrastructure, regulatory reforms and increased private-sector participation.
“We have introduced reforms to restructure the electricity market, strengthen regulatory institutions and create a competitive environment that will attract private investment,” he said.
He said the reforms would establish clear frameworks for licensing, consumer protection and market development.
The governor urged stakeholders to translate policy aspirations into practical solutions that would improve electricity supply and residents’ living conditions.
In his welcome address, the Commissioner for Energy and Mineral Resources, Mr Biodun Ogunleye, said the 2,000MW target formed part of efforts to build a reliable electricity market.
Ogunleye said the state’s energy transformation extended beyond generation to strengthening transmission and distribution networks.
He said the government was also prioritising energy security and efforts to eliminate energy poverty.