From Isaac Anumihe, Abuja
In view of the irregular supply of electricity which has crippled businesses in Lagos State, the governor, Babatunde Sanwo Olu has promised to establish a $150 million Lithium Battery Assembly Plant at Lekki Free Trade Zone.
He also vowed to set up a Renewable Energy University to boost local skills and innovation.
Sanwo Olu who spoke through his Deputy Governor, Dr. Obafemi Hamzat also signed a memorandum of understanding (MoU) with Rural Electrification Agency (REA) to expand access to clean energy in Lagos State, with a focus on powering public institutions through rooftop solar systems.
The agreement, signed during the Lagos State Energy Summit, marks a significant milestone under the REA’s State-by-State Initiative and aligns with the Federal Government’s push to deepen sub-national electricity access through the 2023 Electricity Act.
The new partnership will support the deployment of sustainable, distributed energy solutions across Lagos, so addressing the widespread use of over 4 million diesel generators in the state.
Sanwo-Olu, emphasised the importance of strategic partnerships in tackling energy challenges.
REA’s Managing Director/CEO, Abba Abubakar Aliyu, announced several major projects under the new agreement, including plans for Nigeria’s first floating solar PV plant (8MW) to power Lagos State University.
In his remarks, Managing Director of REA, Abba Aliyu, said that the partnership will also advance the National Public Sector Solarisation Initiative (NPSSI) and the Distributed Access through Renewable Energy Scale-up (DARES) programme, backed by the World Bank.
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