Lagos Expands Power Revolution with 14 New Electricity Operators
The approvals, granted through the Lagos State Electricity Regulatory Commission (LASERC), mark a major milestone in the state’s drive to reduce dependence on Nigeria’s fragile national grid while opening the door for stronger private sector participation in the power industry.
The announcement was made during LASERC’s inaugural stakeholder engagement forum, where government officials and industry players outlined ambitious plans to reshape electricity access in Africa’s largest commercial hub.
Among the standout approvals is Axxela Limited’s 5.8-megawatt off-grid power project designed for Cadbury Nigeria Plc’s Agidingbi facility. Daybreak Power Solutions Limited also secured several off-grid licences to provide electricity solutions for major industrial players including Seven-Up, Nigerian Breweries, NBC, Crown Flour Mill, Nigerdock, and Promasidor.
In another significant development, Isolo Power Gen Limited received approval for a 9MW embedded generation project serving the Apapa-Oshodi Expressway axis, while Isolo Power Supply Limited was licensed to operate as an Independent Electricity Distribution Network provider.
Additional approvals were granted to firms such as New Hampshire Capital, GossLink Engineering, and Enaro Energy Mini-Grid Limited for metering and interconnected mini-grid operations.
LASERC said the initiative is part of a broader strategy to create a more competitive and efficient electricity market capable of delivering stable power to industries, estates, businesses, and underserved communities across Lagos.
Speaking at the forum, LASERC Chief Executive Officer, Temitope George, described the approvals as a critical part of Lagos’ long-term energy transformation agenda. She noted that the state is targeting near-universal electricity access by 2030 through decentralised energy systems and innovation-driven reforms.
The current reforms are rooted in the Lagos Electricity Law signed in 2024 by Babajide Sanwo-Olu, which created the legal framework for Lagos to operate and regulate its own electricity market independently.
As momentum builds, LASERC is also preparing to launch pilot 24-hour electricity franchise zones by October 2026, begin a statewide 100 percent metering programme in July, and roll out an AI-powered monitoring platform known as the “Electric Eye of Lagos” later this year.
