Reflections on the Lagos State Electricity Law and Electricity Market: How Investors Are Gearing Up

Similarly, in Lagos State, the enactment of the Lagos State Electricity Law to establish the Lagos Electricity Market presents substantial investment prospects for firms engaged in generation, transmission, distribution, and trading of electricity.

This publication examines the condition of the Lagos Electricity Market before the enactment of the Lagos Electricity Law; addresses some of the challenges that investors faced under the previous regulatory regime and subsequently explores the new opportunities that have emerged due to the comprehensive provisions of the Lagos Electricity Law and the recent investment-focused initiatives by the Lagos State government.

Furthermore, the authors TEMPLARS Partner, Desmond Ogba, Senior Associate, Temple Ezebuike, and Associate, Susan Omeh,  emphasise important commercial and regulatory factors that investors who are gearing up for the Lagos Electricity Market should consider when pursuing energy projects within that market.