Lagos State Government is set to review the implementation of its electricity reforms and explore further private-sector investment at the second Lagos Energy Summit scheduled for November 10 and 11, 2026.
The summit, to be held at the Landmark Event Centre in Victoria Island, will focus on the implementation of the Lagos State Electricity Law, 2024, and its impact on investment and development across the state’s electricity market.
The event, initially scheduled for September, was moved to November to allow for further preparations. Discussions will cover the regulatory framework, renewable energy, electricity infrastructure and decentralised power generation, while stakeholders are expected to examine opportunities for strategic partnerships and private investment.
Commissioner for Energy and Mineral Resources, Biodun Ogunleye, said the summit would provide an opportunity to assess progress since the enactment of the electricity law and create a platform for new partnerships within the sector.
The review comes as several private power projects are being developed across Lagos. Fenchurch Power Limited is rebuilding the 26-megawatt Akute Independent Power Plant under a concession agreement with the state government. The project is expected to supply electricity to the Akute Intake, Iju Waterworks and Adiyan Waterworks, with excess power supplied to Ikeja Electric’s network.
The Akute project forms part of agreements involving the Lagos Government, Mainland Power, Fenchurch Power and Viathan Engineering aimed at increasing electricity generation in the state from less than 60MW to between 200MW and 400MW over the next two to three years.
Other projects are also advancing. Elektron Energy Development received an operational licence in September for a 40MW Victoria Island power project, while Sahara Power Enterprises Group commenced construction of a 12MW independent power plant in Ogba in August.
Private-sector participation is also expanding into off-grid generation, embedded generation, private electricity distribution and mini-grids. In May, the Lagos State Electricity Regulatory Commission approved 14 licences and permits covering various areas of the electricity market, including generation, distribution, metering and interconnected mini-grids.
The November summit is expected to bring government officials, investors and other industry stakeholders together to assess the progress of Lagos’ electricity reforms and identify further opportunities to improve power generation and supply across the state.
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