The Lagos State Electricity Regulatory Commission (LASERC) has issued 14 new electricity licences and permits to private firms, covering power generation, metering services, independent distribution, and mini-grid operations. This marks a significant shift in the state's electricity market, introducing stronger competition for major distributors like Ikeja Electric and Eko Electricity Distribution Company (EKDC). The move is expected to enhance power supply reliability for businesses and communities across Lagos.
New Licences Presented at Stakeholder Engagement
The licences were presented by LASERC chairman Alexander Ogunbiyi and Chief Executive Officer Temitope George during the commission's maiden stakeholder engagement held on May 7 in Lagos. In a statement on LinkedIn, the commission said the approvals are part of efforts to build a more transparent, competitive, and regulated electricity market in the state. The milestone underscores LASERC's commitment to enforcing compliance, promoting investment confidence, and ensuring a structured electricity market that supports sustainable sector growth.
Major Firms Secure Power Generation Approvals
Among the approved operators is Axxela Limited, which received approval for a 5.8-megawatt power project at Cadbury Nigeria Plc in Agidingbi. Isolo Power Gen Limited secured approval for a 9MW project along the Apapa-Oshodi Expressway in Isolo, while Isolo Power Supply Limited received an Independent Electricity Distribution Network (IEDN) licence for the same area. Daybreak Power Solutions Limited obtained multiple licences covering major industrial locations, including Seven-Up Bottling Company in Oregun, Crown Flour Mill in Ikorodu, Nigerdock FZE on Snake Island, Nigerian Breweries in Iganmu, Nigerian Bottling Company in Ikeja, and Promasidor Nigeria Limited in Isolo.
Metering and Mini-Grid Expansion
The commission also approved New Hampshire Capital Limited as a meter asset provider, while GossLink Engineering Limited received licences for 330KV and below operations, including 400V vendor and importation services. In the mini-grid segment, Enaro Energy Mini-Grid Limited was approved to interconnect mini-grid projects in Ishokan Phase 1 and Mercyland Phase 1, located in Ayobo-Ipaja. LASERC said these approvals align with its regulatory responsibility to ensure accountability, maintain operational standards, and promote sustainable development across Lagos' electricity value chain.
New Zonal Offices Coming in Q3 2026
During the stakeholder engagement, George revealed that LASERC is establishing new zonal offices in Ikorodu, the Amuwo Odofin/Badagry axis, and the Sangotedo/Epe axis. These offices are expected to become operational in the third quarter of 2026 and will help improve customer complaint resolution while making regulatory services more accessible to residents and businesses. This move is seen as another step toward decentralising electricity regulation and improving service delivery in Nigeria's commercial capital.
With more private players entering the market, Lagos appears set for a new era of competition in power generation and distribution, one that could reshape electricity access for both industries and households. The development follows recent power cuts announced by Ikeja Electric, which attributed disruptions to reduced power allocation from the national grid.
