The Lagos State Government has approved 14 electricity licences and permits covering off-grid generation, embedded generation, independent electricity distribution, metering services and interconnected mini-grid operations, in a major step towards strengthening power supply across the state.
The approvals were issued by the Lagos State Electricity Regulatory Commission (LASERC) during its first stakeholder engagement session, marking the commission’s formal entry into active market regulation following the establishment of Lagos’ independent electricity framework.
According to LASERC, the licensing exercise is designed to create a structured and investment-friendly electricity market capable of improving reliability and expanding access, particularly within industrial clusters and emerging residential communities. Brandspur Banking News Desk reports that the approvals reflect Lagos State’s push to decentralise electricity supply and reduce dependence on the national grid.
Among the approved operators, Axxela Limited received authorisation for a 5.8 megawatt off-grid generation project to serve Cadbury Nigeria Plc’s facility in Agidingbi. Daybreak Power Solutions Limited was granted multiple off-grid generation licences across major industrial sites, including Seven-Up Bottling Company, Nigerian Breweries, NBC, Crown Flour Mill, Nigerdock and Promasidor.
Isolo Power Gen Limited secured approval for a 9 megawatt embedded generation project located along the Apapa–Oshodi Expressway in Isolo, while Isolo Power Supply Limited was licensed as an Independent Electricity Distribution Network operator. Additional approvals were issued to New Hampshire Capital, GossLink Engineering and Enaro Energy Mini-Grid Limited for metering services and mini-grid operations.
LASERC said the latest approvals represent one of the most significant regulatory milestones under Lagos State’s evolving intrastate electricity market, with a strong focus on encouraging private sector participation and improving service delivery across the power value chain.
The commission noted that the licences align with the state’s broader electricity strategy, which prioritises embedded generation, mini-grids and independent distribution systems to boost supply in industrial areas, peri-urban communities and underserved locations.
Looking ahead, LASERC disclosed plans to achieve 97.5 per cent electricity availability across Lagos by 2030, while reducing market losses to below 10 per cent through a decentralised and performance-driven electricity system.
As part of ongoing reforms beginning in 2026, the commission plans to roll out two to three pilot 24-hour electricity franchise zones by October 2026. It also intends to introduce Grid Interface Guidelines, commence a full metering initiative by July 2026 and open consumer complaint centres in phases starting with Amuwo Odofin in August, followed by Ikorodu and Epe in September.
LASERC further revealed that the Electric Eye of Lagos programme, an artificial intelligence-powered metering and monitoring system, will be finalised by August 2026, with pilot deployment scheduled for October. Draft market rules are expected in October 2026, ahead of finalisation by December, alongside the introduction of regulatory sandbox guidelines to support innovation.
The commission was formally constituted in 2024 following the signing of the Lagos Electricity Bill into law by Governor Babajide Sanwo-Olu, establishing Lagos State’s independent electricity market framework.
