The Lagos State Government has announced plans to attract private investment and accelerate the development of alternative energy solutions as part of efforts to improve electricity supply and strengthen the state’s energy infrastructure.
The initiative will form a major focus of the 2026 Lagos Energy Summit, where government officials, investors, regulators and industry experts are expected to develop practical strategies for addressing the state’s energy challenges.
Commissioner for Energy and Mineral Resources, Biodun Ogunleye, disclosed this during a press conference announcing preparations for the summit, themed “Lagos Energy Evolution.”
Ogunleye explained that the event would move beyond identifying electricity supply problems to developing sustainable solutions capable of improving energy reliability, accessibility and affordability.
He said the summit would bring together electricity distribution companies, power generators, investors, regulators, engineers, academics, energy suppliers and development partners.
According to him, collaboration among these stakeholders would be essential to creating an energy market capable of supporting Lagos’ commercial and industrial activities.
The commissioner described Lagos as strategically positioned to develop electricity market solutions that could provide useful lessons for other Nigerian states.
He expressed optimism that energy commissioners from other states would participate in the discussions and exchange experiences on electricity market development.
Among the major issues scheduled for consideration are electricity metering, energy affordability, clean energy adoption, electric mobility and the development of efficient, interoperable infrastructure.
Ogunleye also highlighted opportunities in alternative energy technologies, including Compressed Natural Gas (CNG) and electric vehicles.
He explained that discussions would address broader energy requirements beyond conventional electricity supply.
The commissioner further disclosed that the summit would feature the Lagos State Government’s Clean Energy Initiative, providing secondary school students with opportunities to showcase innovative projects developed within their schools and communities.
He described the programme as an effort to encourage young Nigerians to participate in developing future energy solutions.
On investment, Ogunleye acknowledged growing private-sector interest in supporting energy infrastructure expansion and improving service delivery across the state.
He maintained that achieving the government’s objectives would require coordinated participation from public institutions, private companies, researchers and residents.
The summit is expected to attract between 1,000 and 1,500 participants from different segments of the energy industry.
Earlier, the ministry’s Permanent Secretary, Engr. Ibilola Kasunmu, said the gathering was designed to encourage stakeholders to identify common challenges and develop workable recommendations.
She urged industry operators and interested members of the public to register and participate actively.
Officials present at the briefing included representatives of the Lagos State Electrification Agency, Ibile Oil & Gas, the Lagos State Electricity Regulatory Commission and GENESIS Energy Holdings Limited.
The government expects the summit to strengthen partnerships, encourage investment and support the development of a more reliable and sustainable energy system.
The initiative also forms part of broader efforts to improve electricity access and provide the energy infrastructure required for economic growth and industrial development in Lagos.
Ezeana Emmanuel
