The Lagos State Government is set to bridge the gap between its industrial power demand of 12,000 megawatts (MW) and the current supply of 3,500MW, as it plans to generate an additional 8,500MW of electricity. This was disclosed by Folashade Ambrose, Commissioner for Commerce, Cooperatives, Trade, and Investment, during the Lagos State Industrial Policy Consultative Assembly, held in Ikeja.
On the state’s commitment to power demand, Ambrose said energy security remains a top priority, adding that the state is pioneering renewable energy investments, including solar mini-grids, waste-to-energy initiatives, and gas-to-power projects to achieve its aim. She disclosed that Lagos is decentralising electricity generation through Independent Power Projects (IPPs) to support industrial zones and commercial hubs. The commercial hub of the country, which is home to over 70% of Nigeria’s manufacturing activity, is strengthening its industrial framework through the Lagos Industrial Policy target of (2025–2030).
“We aim to deepen industrialisation by leveraging public-private partnerships, creating dedicated power solutions for industries, and improving logistics infrastructure to reduce production costs,” she said. The state’s startup ecosystem, valued at over $9 billion, has positioned Lagos as Africa’s leading tech hub. Ambrose noted that the government’s Smart City initiative and broadband expansion efforts are attracting global technology investments. With infrastructure projects like the Lagos Rail Mass Transit and the Fourth Mainland Bridge in progress, the state is positioning itself as a globally competitive industrial and financial hub. “Today marks a significant milestone in our collective journey towards transforming Lagos into Africa’s premier industrial hub,” Ambrose affirmed.
