The Governor of Lagos State, Babajide Sanwo-Olu, has said the state will be able to generate one gigawatt of solar energy by the year 2030 with funding from the World Bank.
This was as he hailed the President, Major General Muhammadu Buhari (retd.), for signing bills granting states more autonomy in key areas like electricity, railways, and the judiciary.
In a post on his verified Facebook page on Tuesday, the governor said the bills would enable the state to regulate electricity generation, transmission and distribution, and also create the Lagos Electricity Market, leading to increased access to electricity, investments and job opportunities.
“The new bills will promote efficiency, leading to better service delivery. We’ve been preparing for this by launching an electricity policy, publishing our off-grid strategy, presenting our Integrated Resource Plan and drafting a law to establish the Lagos Electricity Market.
“We’re committed to achieving 1GW of solar energy in Lagos by 2030 and have engaged with the World Bank for suitable funding. With the creation of the Lagos Electricity Market, we’ll fulfill our potential as Africa’s model mega city.
“The devolution of powers for railways under the Constitution Fifth Alteration Bill No. 32 is a significant move for promoting local economic growth and development. It will open up investment opportunities and improve the transportation of goods and services.
“I’m excited about the next few years as Lagos takes more responsibility for our growth and the fulfillment of our potential.
“Let’s work together to make Lagos the best it can be,” Sanwo-Olu said.
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