Lagos State Governor, Babatunde Sanwo-Olu, has announced plans to build a $150 million lithium battery assembly plant at the Lekki Free Trade Zone, aiming to address the state’s ongoing power supply challenges. The governor’s move is a response to the unstable electricity supply, which has impacted businesses and daily life across the state.
In addition to the lithium battery plant, Sanwo-Olu revealed plans to establish a university dedicated to renewable energy, fostering local talent and expertise in this critical field.
To further these goals, the Lagos State government, represented by Deputy Governor Dr. Obafemi Hamzat, signed a memorandum of understanding (MoU) with the Rural Electrification Agency (REA) during the Lagos State Energy Summit. The MoU aims to boost access to renewable energy across Lagos, particularly through the use of rooftop solar systems for public institutions.
This agreement marks a significant step for the REA’s State-by-State Initiative, aligning with the Federal Government’s objectives to expand energy access under the 2023 Energy Act. The partnership is expected to reduce the state’s reliance on over 4 million diesel generators, supporting the development of sustainable energy solutions.
Sanwo-Olu emphasized the importance of strategic partnerships in overcoming Lagos’ energy challenges, while REA’s Managing Director, Abba Abubakar Aliyu, highlighted key projects, including Nigeria’s first floating solar PV plant (8MW) to power Lagos State University. Aliyu also mentioned that the collaboration would support initiatives like the World Bank-backed Distributed Access through Renewable Energy Scale-up (DARES) program and the National Public Sector Solarisation Initiative (NPSSI).
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