Lagos Energy Summit opens, targeting power reforms and private investment

The second Lagos Energy Summit opened on Tuesday (November 10) at the Landmark Event Centre in Victoria Island, Lagos, running through November 12 under the theme “Lagos Energy Evolution: Transforming the Future.” Between 1,500 and 2,000 stakeholders are expected to discuss power-sector reform, renewable energy and private investment.

State: from policy talk to practical solutions

The summit is organised by the Lagos State Ministry of Energy and Mineral Resources. Commissioner for Energy and Mineral Resources Biodun Ogunleye said at a pre-summit press briefing that the summit would move beyond policy discussions to focus on practical solutions capable of improving energy access, affordability and reliability, covering energy sufficiency, renewable energy, clean energy, metering and alternative energy. Governor Babajide Sanwo-Olu, Deputy Governor Kadri Obafemi Hamzat and the commissioner are expected to feature; the keynote speaker is Akin Omoboriowo II, chairman of Genesis Energy Holdings.

Implementing the state electricity law, opening the value chain to private players

A central focus is implementing the Lagos State Electricity Law of 2024, which, following the decentralisation of Nigeria’s electricity market, provides the legal framework for the state’s participation in generation, transmission, distribution and regulation. Sessions will explore private-sector participation across the electricity value chain, and the roles of compressed natural gas (CNG), electric vehicles and renewables in the state’s clean-energy transition. The summit will also showcase clean-energy innovations and prototypes developed by secondary school students. The main summit runs November 10–11, with a technical tour of selected energy infrastructure projects on November 12.