The Lagos State Government has issued 14 power generation and metering licences to private sector operators as part of efforts to deepen electricity market reforms and expand reliable power supply across Africa’s largest city economy.
The licences were formally presented by the Lagos State Electricity Regulatory Commission (LASERC) during its maiden Stakeholders’ Engagement Forum held in Lagos, marking a significant step in the state’s drive to build a structured, competitive and fully regulated electricity market.
Speaking at the forum, the Chief Executive Officer of LASERC, Mrs. Temitope George, described the engagement as the beginning of a new regulatory phase aimed at establishing a functional, efficient, and consumer-centred electricity market capable of supporting Lagos State’s rapid economic expansion.
She said LASERC remains committed to:
- Enabling private sector investments in electricity infrastructur
- Supporting innovation in power generation and distribution
- Strengthening consumer protection frameworks
- Promoting clean and sustainable energy solutions
According to her, the reforms are designed to unlock new capital inflows and improve electricity reliability across industrial, commercial and residential corridors in Lagos State.
The 14 approved licences span power generation, embedded power supply, metering services, mini-grids, and technical electrical services across key industrial and residential locations.
Among the approved operators, Axxela Limited received regulatory approval for a 5.8 megawatt (MW) embedded power project located at Cadbury Nigeria Plc facility in Agidingbi, Lagos.
Similarly, Isolo Power Gen Limited was granted approval for a 9 megawatt (MW) power generation project along the Apapa–Oshodi Expressway corridor in Isolo, strengthening industrial power supply along one of Lagos’ key logistics and manufacturing zones.
In addition, Isolo Power Supply Limited obtained an Independent Electricity Distribution Network licence, enabling it to operate distribution infrastructure within the same industrial axis.
A major cluster of approvals went to Daybreak Power Solutions Limited, which secured multiple licences covering embedded power and supply services across several major industrial facilities in Lagos, including; Seven-Up Bottling Company, Oregun, Crown Flour Mill, Ikorodu, Nigerdock FZE, Snake Island, Nigerian Breweries Plc, Iganmu, Nigerian Bottling Company, Ikeja and Promasidor Nigeria Limited, Isolo.
The approvals are expected to significantly enhance industrial energy reliability and reduce dependence on the national grid.
In the metering and technical services segment, New Hampshire Capital Limited was approved as a Meter Asset Provider (MAP), strengthening Lagos’ push to improve electricity metering coverage and reduce estimated billing challenges.
GossLink Engineering Limited also received licences covering; 330KV transmission-related operations; 400V vendor services and Electrical equipment importation and installation services
These approvals position the firm within the state’s expanding electricity value chain infrastructure.
Meanwhile, Enaro Energy Mini-Grid Limited was licensed to develop interconnected mini-grid projects in; Ishokan Phase 1, Mercyland Phase 1 within the Ayobo-Ipaja axis of Lagos State, targeting underserved communities.
Mrs. George emphasized that ongoing reforms within the Lagos electricity ecosystem are creating new opportunities for infrastructure development, innovation, and clean energy investments.
She stressed that sustainable sector growth will depend on strong collaboration between regulators, investors, and consumers.
As part of its consumer protection strategy, LASERC announced the establishment of new zonal offices in; Ikorodu
Amuwo Odofin/Badagry, Sangotedo/Epe
These offices are designed to improve complaint resolution mechanisms, enhance regulatory access, and strengthen service delivery to electricity consumers across Lagos State.
According to LASERC, the new zonal offices are expected to become operational by the third quarter of the year, further decentralising regulatory services.
The issuance of 14 power generation, distribution, metering, and technical licences underscores Lagos State’s accelerated push toward a decentralised and private sector-driven electricity market.
The reforms are widely viewed as part of broader efforts to improve power reliability, attract investment into the electricity value chain, and position Lagos as a leading sub-national electricity market in Nigeria.
