LAGOS ADVOCATES DECENTRALISATION OF POWER SECTOR AT NIGERIA ENERGY SUMMIT 2024
The highly anticipated Nigeria Energy Summit 2024 kicked off on Tuesday at the Landmark Centre, Lagos, bringing together key industry leaders, top government officials, policymakers, and experts to discuss the need for decentralising Nigeria’s power sector.
Speaking at the event, themed “Breaking Barriers in the New Energy Era: Clean, Reliable, and Sustainable,” Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, represented by the Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye, highlighted the state’s commitment to decentralising power generation and distribution.
He emphasised that reliable power access is essential for fostering industrial growth, stimulating entrepreneurship, and improving the quality of life in Lagos.
According to the Governor, decentralisation is key to unlocking Lagos’ potential as a smart, resilient, and energy-secure megacity. He added that this commitment will also help navigate the complexities of the evolving energy landscape.
Sanwo-Olu noted the ongoing investments in renewable energy infrastructure and the state’s strategic partnerships with the private sector and Developmental Partners to promote sustainable practices.
“Renewable energy and sustainability are at the forefront of Lagos’ energy agenda, with a focus on cleaner air and energy security for future generations,” he stated.
He further explained that a decentralised energy approach would empower local stakeholders, drive innovation, and reduce reliance on centralised grids, ultimately supporting economic resilience and long-term environmental preservation.
The Honourable Minister of Power, Mr. Adebayo Adelabu, also addressed the summit, outlining the Federal Government’s role in advancing Nigeria’s energy vision through the Federal Ministry of Power.
He discussed the National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP), which aims to achieve universal electricity access by 2030.
Acknowledging the country’s significant energy challenges, including inadequate generation capacity and reliance on off-grid diesel generators, Mr. Adelabu expressed optimism that decentralisation, market diversification, and renewable energy solutions would enable Nigeria to harness its vast energy potential, promote sustainability, and foster inclusive socio-economic growth.
The Nigeria Energy Summit continues to serve as a critical platform for discussions on sustainable energy strategies and the responsible exploitation of the nation’s mineral resources.