Solar panels | File photo
The Lagos government has signed a memorandum of understanding (MoU) with the Rural Electrification Agency (REA) to expand solar power generation and distribution across the state.
Lagos and REA signed the MoU in Victoria Island on Monday at the roundtable meeting on rural electrification and sustainable energy development.
Babajide Sanwo-Olu, Lagos governor, was represented by Obafemi Hamzat, the deputy governor, at the event organised by the state’s ministry of energy and mineral resources (MEMR).
The governor said the initiative aligns with the administration’s vision for a safer, greener and more sustainable energy future.
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Sanwo-Olu said the partnership is aimed at reducing reliance on fossil fuels and tackling electricity challenges hindering economic growth in Lagos.
He said the state will collaborate with the Renewable Energy Asset Management Company to ensure the durability of energy projects.
“Nigerians generate much power, but it is not widely distributed due to isolation. We have excess energy, but it is misdirected,” he said.
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“There are around 4.5 million generators in Lagos. Many use 30 kVA or 50 kVA and avoid the public power supply.”
Biodun Ogunleye, commissioner for energy and mineral resources, said the MoU would unlock new investment opportunities and ensure stable electricity in Lagos.
Ogunleye added that the partnership aims to reduce reliance on fossil fuels and promote a cleaner energy grid.
“We are entering a partnership with REA that will unlock a range of new opportunities. It will give Lagosians access to stable, uninterrupted electricity supply,” he said.
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Abubakar Ndiye, chief executive officer (CEO) of REA, described the agreement as a milestone in Nigeria’s renewable energy journey.
He said the agency is localising the production of solar energy equipment, adding that Lagos will play a key role in the new green economy.
