{"id":15346,"date":"2026-11-11T18:46:46","date_gmt":"2026-11-11T18:46:46","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/11\/lagos-targets-2000mw-power-boost-by-march-2027-engages-22-investors\/"},"modified":"2026-11-11T18:46:46","modified_gmt":"2026-11-11T18:46:46","slug":"lagos-targets-2000mw-power-boost-by-march-2027-engages-22-investors","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/11\/lagos-targets-2000mw-power-boost-by-march-2027-engages-22-investors\/","title":{"rendered":"Lagos targets 2,000MW power boost by March 2027, engages 22 investors"},"content":{"rendered":"
\"Lagos<\/p>\n

By Olasunkanmi Akoni<\/strong><\/p>\n

\u200bThe Lagos State Government has announced plans to add 2,000 megawatts (MW) of electricity to its power supply by March 2027, as part of ongoing regulatory reforms and private-sector partnerships aimed at ending chronic power shortages.<\/p>\n

\u200bSpeaking at the Lagos Energy Summit 2026, themed:\u201cLagos Energy Evolution: Transforming the Future,\u201d on Wednesday, Governor Babajide Sanwo-Olu, represented by the Secretary to the State Government, Barrister Abimbola Salu-Hundeyin, said reliable electricity remains critical to sustaining the state\u2019s economic growth.<\/p>\n

\u200b\u201dManufacturers, small businesses, and households have continued to bear the burden of unreliable electricity and high energy costs.<\/p>\n

\u201cOur administration has been intentional about creating an enabling environment for businesses to thrive through improved power infrastructure, regulatory reforms, and increased private-sector participation,\u201d Sanwo-Olu said.<\/p>\n

\u200bHe noted that the state\u2019s market restructuring is designed to establish clear frameworks for licensing, consumer protection, and accountability among electricity providers, while urging stakeholders to move beyond policy discussions to practical solutions.<\/p>\n

\u200bProviding further details on the state\u2019s roadmap, the Commissioner for Energy and Mineral Resources, Biodun Ogunleye, disclosed that Lagos is currently engaging approximately 22 investors to close energy-sector transactions and is working with federal authorities to resolve outstanding Power Purchase Agreement (PPA) bottlenecks.<\/p>\n

\u200bOgunleye added that the state\u2019s strategy extends beyond generation to strengthening transmission and distribution networks, automating energy assets to curb electricity theft and vandalism, and promoting renewable alternatives such as solar, wind, and hydropower.<\/p>\n

\u200bHighlighting the scale of the deficit, the Permanent Secretary in the Ministry of Energy and Mineral Resources, Ibilola Kasunmu, revealed that Lagos, home to an estimated 22 million people with an electricity demand of about 6,000MW\u2014currently receives less than 1,000MW from the national grid.<\/p>\n

\u200bShe attributed the shortfall to inadequate generation, gas supply constraints, weak transmission infrastructure, and poor collection systems, noting that \u201cthe state is leveraging embedded generation, waste-to-energy projects, and a joint technical working committee with the federal government to bridge the gap.\u201d<\/p>\n

The post Lagos targets 2,000MW power boost by March 2027, engages 22 investors<\/a> appeared first on Vanguard News<\/a>.<\/p>\n<\/div>\n

Source: <\/p>\n

Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"

By Olasunkanmi Akoni \u200bThe Lagos State Government has announced plans to add 2,000 megawatts (MW) of electricity to its power supply by March 2027, as part of ongoing regulatory reforms… <\/p>\n","protected":false},"author":1,"featured_media":15347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-15346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/15346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=15346"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/15346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/15347"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=15346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=15346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=15346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}