12/05/2026
On 7 May 2026, our associates Opeyemi Adeshina and Chinenye Okoro in the Energy, Projects & Infrastructure team at the firm attended the Lagos State Electricity Regulatory Commission (LASERC) Maiden Stakeholders’ Engagement Forum at the Cordis Hotel, Lagos.
The event marked the first major public outing of LASERC’s new operational leadership and a significant milestone in the development of the Lagos intrastate electricity market.
Lagos currently receives between 800MW and 930MW against an estimated demand of 12,000MW. LASERC’s reform agenda is aimed at closing that gap, not by waiting on the national grid, but by enabling expanded private sector participation and independent power infrastructure within the state.
At the forum, the Commission outlined ambitious targets for grid availability, smart metering, ATC&C loss reduction, and cost-reflective tariffs. LASERC also issued 14 licences and permits across off-grid generation, embedded generation, independent electricity distribution, metering services, and interconnected mini-grid operations. In addition, the Commission announced pilot 24/7 franchise zones, a state-wide metering initiative, draft market rules, and regulatory sandbox guidelines, all expected before the end of 2026.
Discussions at the forum also indicated that LASERC may accommodate sub-franchising arrangements where distribution companies and private investors partner to serve underserved locations within the state, subject to regulatory review and approval. The approach aligns with LASERC’s broader objective of improving electricity access across Lagos State.
For investors, developers, and operators, the Lagos electricity market is no longer a future story. The regulatory architecture is being assembled in real time, and the legal and commercial opportunities are significant, particularly as market participants begin to navigate the evolving relationship between federal and state electricity regulation.
We congratulate LASERC on a landmark maiden engagement and look forward to continuing to support our clients as this market takes shape.