The Lagos State Government has made a commitment to achieve one gigawatt (1,000MW) of solar Photovoltaics (PV) electricity systems – which is to be funded by the World Bank – before 2030.
Governor Babajide Sanwoolu made this statement on Tuesday via his verified Twitter handle, seen by EnergyDay.
According to him, with the creation of the Lagos Electricity Market, we’ll fulfill our potential as Africa’s model mega city.
Sanwoolu also commended the Nigerian outgoing President, Mohammadu Buhari for signing the Constitutional Alteration Bill No. 33.
The Lagos State Governor noted that the assent given to the bill was a historic move that grants the state governments the authority to regulate electricity generation, transmission, and distribution.
He said, “The bill will create a Lagos Electricity Market, leading to increased access to electricity, investments, and job opportunities.
“The new bills will promote efficiency, leading to better service delivery. We’ve been preparing for this by launching an Electricity Policy, publishing our off-grid strategy, presenting our Integrated Resource Plan, and drafting a law to establish the Lagos Electricity Market,” the Lagos State Governor said.
Governor Sanwo-Olu however expressed hope that Lagos State will in the next few years, take more responsibility for our growth and the fulfillment of its potential.
The outgoing President last week, signed into law the constitutional amendment allowing states in the country to generate, transmit, and distribute electricity in areas covered by the national grid.
EnergyDay gathered that by virtue of the fifth Alteration Bill No. 33, Devolution of Powers (National Grid System), Nigeria’s 36 states can now join the electricity generation business.
The amendment enables the state government to generate, transmit, and distribute electricity in areas covered by the national grid, and for related matters.