The Lagos State Government has approved 14 electricity licences and permits covering off-grid generation, embedded power supply, independent distribution, metering services and mini-grid operations as part of efforts to strengthen power supply across the state.
The approvals were issued by the Lagos State Electricity Regulatory Commission (LASERC) during its first stakeholder engagement session held earlier this week.
According to the commission, the licensing exercise is designed to establish a more structured electricity market capable of attracting private investment and improving power reliability for businesses and residents in Lagos.
Among the approved operators is Axxela Limited, which secured approval for a 5.8-megawatt off-grid power project at the Cadbury Nigeria Plc facility located in Agidingbi.
Daybreak Power Solutions Limited also obtained several off-grid licences for electricity projects serving major industrial facilities, including Seven-Up, Nigerian Breweries, NBC, Crown Flour Mill, Nigerdock and Promasidor.
In another development, Isolo Power Gen Limited received approval for a 9-megawatt embedded generation project situated along the Apapa-Oshodi Expressway in Isolo.
Isolo Power Supply Limited was also licensed as an Independent Electricity Distribution Network operator.
Additional approvals were granted to New Hampshire Capital, GossLink Engineering and Enaro Energy Mini-Grid Limited for metering and interconnected mini-grid operations.
LASERC said the approvals represent one of the most significant regulatory steps since the establishment of Lagos State’s independent electricity market framework.
According to the commission, the initiative is aimed at expanding private sector participation in electricity generation and distribution while improving energy access across industrial zones and underserved communities.
The agency explained that the new framework supports Lagos State’s broader strategy to decentralise electricity supply through embedded generation, mini-grids and independent distribution systems.
Officials believed the approach would reduce pressure on the national grid while improving electricity access in industrial clusters and peri-urban communities.
LASERC stated that the long-term objective is to create a more competitive, efficient and investment-driven electricity market capable of supporting economic growth across the state.
The commission disclosed that it plans to achieve 97.5 per cent electricity availability in Lagos by the year 2030 while reducing market losses to below 10 per cent.
As part of upcoming reforms, LASERC announced plans to roll out between two and three pilot franchise zones with uninterrupted 24-hour electricity supply by October 2026.
The commission also revealed that Grid Interface Guidelines would be introduced alongside a statewide 100 per cent metering initiative scheduled to commence in July 2026.
Consumer complaint centres are expected to open in phases beginning in August 2026, starting with Amuwo Odofin before extending to Ikorodu and Epe in September.
LASERC further disclosed that the “Electric Eye of Lagos” programme, an artificial intelligence-powered metering system would be completed by August 2026, with pilot deployment expected in October.
The commission added that draft electricity market rules will be released in October 2026 and finalised by December of the same year.
Regulatory sandbox guidelines aimed at encouraging innovation and increased private sector participation in the electricity sector are also expected to be introduced.
Governor Babajide Sanwo-Olu established LASERC in 2024 after signing the Lagos Electricity Bill into law, paving the way for the creation of an independent electricity market for the state.
