Lagos State Governor Babajide Sanwo-Olu has announced an ambitious plan to increase electricity supply to 3,000 megawatts (MW) by March 2027, up from the current level of below 1,000MW. Speaking at the Fourth Lagos Business School (LBS) Africa Energy Conference 2026, Sanwo-Olu outlined a seven-point action plan to achieve this goal, including enhancing generation, transmission, distribution, and metering across the state.
The governor, represented by his Deputy Dr. Obafemi Hamzat, highlighted efforts to mobilize an additional 2,000MW through various channels, such as the national grid, independent power projects, and embedded generation. He emphasized the need for coordinated improvements across the electricity value chain to ensure reliable power supply, which is crucial for industrial growth, job creation, and improved living standards.
Sanwo-Olu also noted progress in renewable energy, with about 42,000 of 50,000 streetlights solarized and similar projects underway in public schools. He called on investors, financial institutions, and development partners to collaborate in implementing the plan, stressing the importance of a commercially viable environment to attract private investment.
In a keynote address, Ronald Adams, Vice President of Shell Nigeria, urged sustained implementation of Nigeria’s energy sector reforms to attract investment and accelerate development. He emphasized the role of natural gas in supporting electricity generation and industrial growth, highlighting Nigeria’s vast oil and gas reserves as opportunities for economic development.