Lagos Targets 2,000MW Power Boost by March 2027 as It Talks to 22 Investors

The Lagos State Government says it aims to add 2,000 megawatts (MW) of electricity supply by March 2027 and is talking to about 22 investors to close energy-sector deals, in a bid to ease the chronic power shortages that afflict Nigeria's commercial capital. The plan was announced on Wednesday (November 11) at the Lagos Energy Summit 2026. (Photo: the Lagos skyline, file photo.)

A huge supply gap: 6,000MW of demand, under 1,000MW from the grid

Ibilola Kasunmu, permanent secretary at the Ministry of Energy and Mineral Resources, said Lagos has an estimated 22 million people and demand of about 6,000 megawatts, yet receives less than 1,000 megawatts from the national grid, leaving businesses and households reliant on expensive and unreliable alternatives. An extra 2,000MW would still cover only about a third of estimated demand.

Power purchase deals and grid upgrades alongside new generation

Biodun Ogunleye, the commissioner for energy and mineral resources, said the state is working with federal authorities to resolve outstanding issues over power purchase agreements, and plans to strengthen transmission and distribution networks, automate energy assets to curb electricity theft and vandalism, and promote renewables such as solar, wind and hydropower. Governor Babajide Sanwo-Olu, represented by Secretary to the State Government Abimbola Salu-Hundeyin, told the summit that reliable electricity remains critical to sustaining economic growth. The summit was held under the theme “Lagos Energy Evolution: Transforming the Future.” (Sources: BusinessDay; Vanguard; News Agency of Nigeria.)