The Lagos State Government has intensified efforts to build a modern and investment-friendly electricity market, issuing 14 new licences and permits to private sector operators as part of broader reforms aimed at improving power reliability, regulation, and infrastructure development in Nigeria’s commercial capital.
The licences were issued through the Lagos State Electricity Regulatory Commission (LASERC) during the maiden edition of its Stakeholders’ Engagement Forum held in Lagos, marking a significant step in the state’s push to establish a more competitive and consumer-focused electricity market.
Speaking at the event, LASERC Chief Executive Officer and Executive Member, Mrs. Temitope George, described the engagement as a defining moment in the evolution of Lagos State’s electricity sector and a reflection of the Commission’s commitment to transparency, collaboration, and regulatory efficiency.
According to George, the Commission is focused on building a functional, innovative, and sustainable electricity market capable of supporting Lagos State’s expanding economy and growing energy demand.
She said LASERC’s long-term objective is to become a leading subnational electricity regulator by promoting sustainable power development, improving service delivery, protecting consumers, and enabling private investment across the electricity value chain.
George also highlighted consumer protection as a central pillar of the Commission’s mandate, disclosing plans to establish zonal offices in Ikorodu, Amuwo Odofin/Badagry, and Sangotedo/Epe to improve access to regulatory services and speed up complaint resolution. The offices are expected to become operational in the third quarter of the year.
The forum brought together investors, electricity market operators, development partners, consumer groups, artisans, community representatives, and media stakeholders to discuss regulatory reforms, infrastructure development, and opportunities within Lagos’ emerging electricity market.
A major highlight of the engagement was the presentation of 14 licences and permits to operators that met the Commission’s regulatory and technical requirements.
Among the approved projects, Axxela Limited received a licence for a 5.8-megawatt power project at Cadbury Nigeria Plc in Agidingbi, while Isolo Power Gen Limited secured approval for a 9MW project along the Apapa-Oshodi Expressway in Isolo. Isolo Power Supply Limited also obtained an independent electricity distribution network licence for the same corridor.
Daybreak Power Solutions Limited received multiple approvals covering industrial power projects for Seven-Up Bottling Company in Oregun, Crown Flour Mill in Ikorodu, Nigerdock FZE on Snake Island, Nigerian Breweries in Iganmu, Nigerian Bottling Company in Ikeja, and Promasidor Nigeria Limited in Isolo.
In the metering and engineering segment, New Hampshire Capital Limited was approved as a meter asset provider, while GossLink Engineering Limited secured licences covering 330KV and below operations, including vendor and importation approvals for 400V infrastructure.
LASERC also granted approval to Enaro Energy Mini-Grid Limited for interconnected mini-grid projects in Ishokan Phase 1 and Mercyland Phase 1 in the Ayobo-Ipaja area of Lagos.
Industry analysts say the latest approvals reflect growing momentum behind Nigeria’s decentralised electricity reforms, particularly following constitutional and regulatory changes that now allow subnational governments to play a more active role in electricity generation, distribution, and regulation.
The Lagos regulator reiterated its commitment to creating a balanced market framework that supports affordability, investment growth, innovation, and clean energy adoption while ensuring operational accountability and consumer protection.
The move is expected to strengthen investor confidence in Lagos’ electricity sector and accelerate the deployment of embedded generation, mini-grids, industrial power solutions, and smart metering infrastructure across Africa’s largest city economy.