The Lagos State Government is set to review developments and investment opportunities in its electricity market as part of efforts to attract more private-sector participation and strengthen power supply across the state.
The review will take place during the 2026 Lagos Energy Summit, scheduled for November 10 and 11 at the Landmark Event Centre in Victoria Island, Lagos.
The two-day summit, organised by the Lagos State Ministry of Energy and Mineral Resources, will focus on the implementation of the Lagos State Electricity Law 2024 and its implications for private investment and participation across the electricity value chain.
The summit, themed “Lagos Energy Evolution: Transforming the Future,” is expected to bring together policymakers, regulators, investors, energy companies, development partners and industry experts to examine the future of the state’s electricity market.
According to the Lagos State Government, discussions will cover investment opportunities, electricity infrastructure, renewable energy, decentralised generation, regulation and market expansion. The official summit platform says the event is also designed to position Lagos as a destination for investment in the energy sector.
A major focus of the summit will be the implementation of the Lagos State Electricity Law, 2024, which provides a framework for the state’s electricity market and opens opportunities for greater private-sector involvement.
Lagos State Commissioner for Energy and Mineral Resources, Biodun Ogunleye, said the summit would assess progress made since the enactment of the law and identify areas where strategic investments and partnerships could improve electricity generation, transmission and distribution.
“The Summit will not only review the progress recorded since the enactment of the Lagos State Electricity Law, but will also catalyse strategic partnerships and investments that will deliver measurable outcomes across the generation, transmission and distribution value chain,” Ogunleye said.
The summit was initially scheduled for September but was moved to November to allow for further preparations.
The investment push comes as Lagos continues to pursue partnerships with private power operators to expand electricity supply.
In April 2026, the state government signed Power Purchase Agreements with Mainland Power Limited, Fenchurch Nigeria Limited and Viathan Engineering Limited as part of efforts to strengthen decentralised power infrastructure.
Under the arrangements, Fenchurch Power Limited is expected to rehabilitate and upgrade the Akute Independent Power Plant with a contracted capacity of 26 megawatts, while Mainland Power’s Ikeja facility has an installed capacity of 8.8MW and a contracted capacity of 5.8MW. Viathan’s Island Power project has a combined installed capacity of 21MW across facilities in Lekki and Marina.
Other private-sector projects are also emerging across the state, including independent power plants, embedded generation, private distribution networks and off-grid projects.
The Lagos State Electricity Regulatory Commission has also been approving licences and permits for different categories of electricity projects, reflecting the expanding role of private operators in the state’s emerging electricity market.
The November summit is expected to provide a platform for investors and industry stakeholders to examine how the regulatory environment can support additional investment while improving reliability and sustainability in electricity supply.
Sessions will include investment roundtables, technical masterclasses, exhibitions and business-to-business engagements. Participants will also have opportunities to explore potential partnerships and investment agreements.
For Lagos, the broader objective is to develop an electricity market capable of supporting businesses, industries and public infrastructure while contributing to the state’s ambition of becoming a 24-hour economy.
The summit will therefore provide an opportunity for the government and private-sector players to assess what has been achieved so far under the state’s electricity reforms and identify the investments needed to expand generation, strengthen distribution and improve access to reliable electricity across Lagos.