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Nigeria’s commercial hub of Lagos is preparing to establish its own electricity market to ensure more reliable power supply.
The plan, if implemented, would be a first in Nigeria, where energy generation, transmission and distribution is overseen by the central government. Lagos hosts headquarters of most large international and domestic businesses present in Africa’s largest economy, contributes about 25% of gross domestic product and more than half of industrial and commercial output. Lagos’s government is proposing that generation, transmission and distribution functions “be owned and operated substantially by the private sector” and supervised by a regulator, state Commissioner for Energy and Mineral Resources Olalere Odusote said in a consultation paper… More details through: https://www.bloomberg.com/news/articles/2021-04-21/africa-s-biggest-city-plans-own-power-market-to-guarantee-supply
2 Comments
19/10/2022 07:18:10 pm
It’s hard to come by experienced people about this subject, but you seem like you know what you’re talking about! Thanks 19/10/2022 09:23:14 pm
They may allow effective access for, and support the plug-and-play capability of, distributed power supply in a way that can facilitate distributed power generation and bring down overall investment costs. Thank you for sharing your great post! Leave a Reply. |
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