Lagos woos private investment at energy summit

The Lagos State Government aims to attract private investment into the city's electricity market by hosting the second edition of the Lagos Energy Summit on November 10 and 11. Commissioner for Energy and Mineral Resources, Biodun Ogunleye, announced the summit, which will be held at the Landmark Event Centre in Victoria Island.

The event, themed 'Lagos Energy Evolution: Transforming the Future', will bring together various stakeholders to discuss opportunities and solutions for the development of the state's energy sector. Discussions will focus on the implementation of the Lagos State Electricity Law, 2024, and its impact on private sector participation and investment across the electricity value chain.

The summit will also assess the progress made since the law's enactment and identify areas for strategic investment. Topics to be covered include renewable energy, electricity infrastructure, decentralized generation, energy investment, and the role of the sector in supporting Lagos' shift towards a 24-hour economy. Participants will have opportunities to explore partnerships and investments, as well as technical visits to selected energy infrastructure projects.