The Lagos State Government is stepping up its push to power a 24-hour economy, as it moves to attract fresh investments into the electricity market and unlock private-sector participation across the power value chain.
The government, through the Ministry of Energy and Mineral Resources (MEMR), will host the second edition of the Lagos Energy Summit on November 10 and 11 in Victoria Island, with more than 4,000 stakeholders expected to participate physically and virtually.
The high-level summit, themed “Lagos Energy Evolution: Transforming the Future,” is expected to bring together policymakers, regulators, investors, development partners, industry leaders and innovators to confront the challenges and opportunities shaping Lagos’ energy future.
At the centre of the discussions will be the implementation of the Lagos State Electricity Law, 2024, particularly its potential to open up the electricity value chain to greater private-sector investment and competition.
The summit will also examine the evolving regulatory framework for the state’s electricity market, renewable energy, electricity infrastructure, decentralised generation and other emerging solutions capable of improving power supply and supporting economic activity around the clock.
Commissioner for Energy and Mineral Resources, Biodun Ogunleye, said yesterday that the summit would provide an opportunity for the state to assess progress in its electricity sector while identifying strategic areas requiring investment.
Ogunleye said the event would go beyond discussions to catalyse partnerships and investments capable of producing measurable results across generation, transmission and distribution.
According to him, the summit will review progress since the enactment of the Lagos State Electricity Law while creating opportunities for investors and other stakeholders to shape the future of the state’s electricity market.
The programme will feature plenary sessions, technical masterclasses, investment roundtables, exhibitions and business-to-business engagements designed to connect investors with opportunities within the sector.
Participants are also expected to explore potential partnerships, Memoranda of Understanding and investment opportunities, while technical visits to selected energy infrastructure projects will offer participants first-hand insight into ongoing developments across the state.
The government said the summit, originally scheduled for September, was moved to November to allow for further preparations for the high-level event.
The gathering is expected to attract more than 4,000 participants from government institutions, regulatory agencies, the private sector, development organisations and the broader energy industry.
For Lagos, the push is not only about increasing electricity supply but also about creating the energy backbone required to sustain its rapidly expanding commercial and industrial activities and support the transition towards a 24-hour economy.
The state government said the initiative is also aligned with its Net Zero Agenda and Vision 2030, reflecting its commitment to developing sustainable energy solutions while creating an investment-friendly environment.