The Lagos State Government and Lagos Commodities and Futures Exchange (LCFE) have committed to working together to unlock vast investment opportunities in the state’s electricity supply value chain.

In furtherance of the enactment of Lagos State Electricity Law 2024, which empowers the state government to generate its electricity, the LCFE and the state government at the weekend organised a breakfast meeting to galvanise stakeholders on the prospects of the state’s energy investments.

The theme of the meeting was: Building a Competitive Electricity Market Place: Strategies to attract Investment and boost Confidence in the Lagos Electricity Market, using the Capital Market.

Lagos State Governor, Babajide Sanwo-Olu, said the government remained committed to creating an enabling environment for investors, with a focus on promoting sustainable development and economic growth.

Sanwo-Olu, who was represented by his Deputy, Dr Obafemi Hamzat, urged Lagosians to take advantage of the new electricity law for investment.

According to him, the development of the energy sector for generation of electricity would reduce environmental pollution as against the use of generators.

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