Lagos to become Africa’s model for energy market transformation — Sanwo-Olu

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Friday reaffirmed his administration’s commitment to making Lagos a model for electricity market transformation in Africa.

Governor Sanwo-Olu expressed this commitment at the Lagos Commodities and Futures Exchange Breakfast Meeting on the Importance of the Energy Bill to the Capital Market, themed “Building a Competitive Electricity Marketplace: Strategies to Attract Investments and Boost Confidence in the Lagos Electricity Market Using the Capital Market,” held at the Muson Centre, Onikan, Lagos.

Sanwo-Olu, represented by the Deputy Governor, Dr. Kadri Obafemi Hamzat, stated that the government was deliberately implementing policies to encourage private sector participation, enhance regulatory oversight, and build investor confidence in the Lagos electricity market. He emphasized that Lagos, as the economic nerve center of the country, understands the critical importance of a reliable, competitive, and investor-friendly…