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Lagos grid market has only grown to about 2% – Commissioner for Energy

The Lagos state Commissioner for Energy, Mr Olalere Odusote, has said that the state’s grid market has only grown by about 1% or 2%.

He disclosed this on Thursday, December 8, while justifying the need for the state to enact a state law to regulate the electricity market.

According to him, most private individuals and businesses in Lagos make use of diesel-powered generators rather than electricity from the national grid. He said:

Lagos energy use: Mr Odusote added that when the Eko Electricity Distribution Company (EKEDC) and Ikeja Electricity Distribution Company (IKEDC) were established nine years ago, they sold between about 800 to 900 megawatts (MW) and have only improved to 1,000 MW as of today.

Lagos electricity policy: He also pointed to the fact that the draft of the Lagos electricity sector policy has been completed and was before the state’s House of Assembly for consideration.

If this bill is implemented, the electricity regulatory powers of Lagos state will be vested in the state government and not in the Federal Government through the Nigerian Electricity Regulatory Commission (NERC).

While addressing the legal implication of the drafted law, Mr Odusote said:

For the record: Mr Odusote said the Lagos Regulatory Agency will work with the residents and the state government to determine the need for the electricity market and make laws that will enable investors to invest in identified gaps.

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