The Lagos State Government has approved 14 electricity licences and permits across off-grid generation, embedded generation, independent distribution, metering services and interconnected mini-grid operations.
The approvals were issued by the Lagos State Electricity Regulatory Commission (LASERC) at its maiden stakeholder engagement at The Cordis Hotel, earlier in the week.
The move marks one of the major regulatory steps under Lagos State’s evolving intrastate electricity market framework, designed to expand private sector participation and improve electricity access across industrial and residential clusters.
LASERC said the licensing exercise is aimed at building a structured electricity market that attracts investment and improves power reliability across Lagos.
The Commission said the approvals reflect its drive to deepen private sector participation in electricity delivery across the state.
The licences align with Lagos’ broader strategy to decentralise power supply through embedded generation, mini-grids, and independent distribution systems. The aim is to improve electricity access in industrial clusters and peri-urban areas while easing pressure on the national grid.
LASERC said the framework is designed to support a more efficient, competitive, and investment-driven electricity market in Lagos.
By 2030, LASERC aims to achieve 97.5% electricity availability across Lagos and reduce market losses below 10% through a decentralised, performance-driven electricity system.
LASERC will also release draft market rules in October 2026, finalise them by December 2026, and introduce regulatory sandbox guidelines to support innovation and private sector participation.
Babajide Sanwo-Olu approved the constitution of LASERC in 2024 after signing the Lagos Electricity Bill into law, creating the state’s independent electricity market framework.
In April 2026, Lagos signed Power Purchase Agreements and concession deals with three independent power producers to scale generation capacity from below 60MW to between 200MW and 400MW in the coming years.
These reforms are expected to strengthen Lagos’ electricity generation base while improving transparency, accountability, and long-term market stability.
