Lagos Targets 24-Hour Power Supply With New Electricity Market Reforms

The Lagos State Government has unveiled an ambitious plan to eliminate persistent blackouts and build a reliable 24-hour electricity market powered by private-sector participation, smart metering, and independent power generation.

Commissioner for Energy and Mineral Resources, Biodun Ogunleye, disclosed the initiative during the 2026 Ministerial Press Briefing in Alausa, describing the Lagos State Electricity Law 2024 as a major turning point in the state’s energy transformation agenda.

According to Ogunleye, Lagos aims to achieve between 95 and 100 per cent grid availability, full metering penetration, and minimal energy losses by 2030 through stronger regulations, investor-friendly policies, and strategic infrastructure development.

The state has already issued 14 electricity licences and permits, while plans are underway to commence a 100 per cent metering initiative from July 2026. An AI-powered monitoring platform tagged the “Electric Eye of Lagos” is also being developed to improve real-time oversight of power distribution and electricity trading activities.

The commissioner further highlighted ongoing projects, including the Lekki-Epe Integrated Energy Corridor, expansion of solar-powered streetlights, renewable energy interventions in schools and hospitals, and investments in CNG and electric vehicle infrastructure.

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