The Lagos State Government has reiterated its promise to supplying all people with sustainable electricity by the year 2036.
At the third Lagos Real Estate Market Place Conference and Exhibition, hosted by the Lagos State Real Estate Regulatory Authority, the State Commissioner for Energy, Mr. Olalere Odusote, presented this vision to attendees (LASRERA).
In order to bring the idea to fruition through energy decentralization, the commissioner also emphasized the importance of working with private investors.
Speaking on the subject of “Enabling the Lagos State Real Estate Industry through a thriving energy market in Lagos,” Odusote stated that one of the main areas on which the state is concentrating is making sure it achieves Sustainable Development Goal 7, which is the provision of enough space for people to live sustainably.
He emphasized that the state is taking proactive measures to guarantee that the foundational elements are in place to support the expanding population.
“Lagos is home to 13% of Nigeria’s population, and according to the most recent estimate, Lagos receives roughly 750,000 migrants annually.
When people first arrive in Lagos, they live in slums, and as they establish themselves, they migrate into government-created single-dwelling neighborhoods.
As a result, he stated, “Lagos must supply infrastructure from housing and energy as we are fighting over a limited budget to give electricity, health, roads, housing, and transit for a rising number of people.”
Odusote emphasized that one of the main concerns of real estate development is energy and the availability of renewable energy for the people, noting that there must be access to electricity before a process of the energy transition can begin.
He stated, “We are looking at less expensive ways of generating electricity and we are reaching out to the business sector to develop a framework to ensure that everyone in Lagos should have access to electricity by 2036.
We are dedicated to following this course because we must transform Lagos into a 21st-century economy. “What we are trying to do is give a realistic schedule for the universal access to power in Lagos.