What is Lagos State Energy Policy?
The Lagos State Government (LASG) released its consultation paper on the “Lagos State Energy Policy”. The policy is geared towards achieving economic growth and sustainability by developing a local electricity market focused on ensuring energy access and the drive for sustainable energy solutions.
How many megawatts does Lagos get a day?
It receives an average daily supply of 1,000 megawatts (MW) daily and has an average daily supply of 12 hours. The Lagos state Energy Policy aims to create an electricity market that is separate and not connected to the existing national grid infrastructure.
What is a Lagos electricity regulator (LASG)?
The LASG proposes creating an autonomous electricity regulator for the state electricity market with some responsibilities to include ensuring prices are charged by market participants, ensuring the safety, reliability, and quality of service in the movement of electricity within the Lagos electricity market. 3.
What is Lagos electricity market (Lem)?
The other option is the establishment of an independent grid network by private sector players. The proposed Lagos Electricity Market (LEM) is an ambitious but necessary plan to improve the State’s access and quality of electricity supply.
How much revenue does Lagos State generate?
According to data from the Nigeria Bureau of Statistics (NBS), Lagos state generated a total of N534,921,208,353.81, a 78.33% contribution to the total revenue generated in the country in the year 2020. 55.7% of the total revenue generated in the State was from taxes alone, proving it a commercial hub.
Who controls the current national grid structure in Nigeria?
Control of the current national grid structure resides in the Transmission Company of Nigeria (TCN) with several regional transmission areas. Lagos State is home to the Lagos Transmission Region (LTR), which serves the State exclusively.
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Members of the State Executive Council . View all the officers elected by lagosians this tenure. Explore Ministries and Departments . A-Z index of Lagos Government Ministries, Departments & Agencies
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