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.
He said this as he applauded President Muhammadu Buhari for passing legislation giving states more control over important sectors including energy, railroads, and the legal system.
The governor said in a post on his verified Facebook page on Tuesday that the bills would allow the state to control the production, transmission, and distribution of electricity as well as establish the Lagos Electricity Market, resulting in more people having access to electricity as well as more opportunities for investments and employment.
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“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.
Story adapted from Punch
