Lagos woos private investment at energy summit

The Lagos State Government is leveraging the 2026 Lagos Energy Summit to draw private investment into the city's electricity market and promote sustainable energy solutions. Commissioner for Energy and Mineral Resources, Biodun Ogunleye, announced this for the summit, set to occur on November 10 and 11 at the Landmark Event Centre in Victoria Island, Lagos.

This follows a delay from the original September date to allow for proper preparations. The summit, themed 'Lagos Energy Evolution: Transforming the Future', will convene policymakers, regulators, investors, development partners, industry leaders, and innovators to explore opportunities and strategies for the state's energy sector advancement.

A key agenda item will be the application of the recently enacted Lagos State Electricity Law, 2024, with particular emphasis on private sector involvement and investment across the entire electricity value chain. Ogunleye stated that the event would serve as a platform to evaluate recent developments in the electricity sector and pinpoint areas amenable to strategic investments.

The summit will not only review progress since the law's enactment but also foster strategic partnerships and investments to deliver tangible outcomes in the generation, transmission, and distribution sectors. Discussions will delve into the evolving regulatory framework's role in fostering a dependable and sustainable electricity market.

The program will comprise plenary sessions, technical masterclasses, investment roundtables, exhibitions, and business-to-business engagements. Topics will encompass renewable energy, electricity infrastructure, decentralized generation, energy investment, and the sector's role in Lagos' shift towards a 24-hour economy. The event aims to facilitate the exploration of partnerships, Memorandums of Understanding, and other investment prospects.

Additionally, technical visits to selected energy infrastructure projects will offer participants firsthand insights into ongoing developments across the state.