The Lagos state Commissioner for Energy, Biodun Ogunleye disclosed that over five million households in Lagos burn about nine billion litres of fuel to self-generate more than 10 gigawatts of power per year.

Small businesses and offices also consume 6.6bn litres of fuel by the 113,642 generators they run. Another 61 million litres of fuel is consumed by over 13,704 generators in markets across Lagos.

According to Ogunleye, the state government intended to crystalize the ramping up of power generation in Lagos, Africa’s 5th largest economy to 6 gigawatt in three years under the new state electricity law.

He said the ambitious targets will be achieved through the creations of strong market institutions, appropriate market tools, perfect value chain capacity and by attracting new investment into the sector.

The commissioner said there would be a strong focus on ring fencing market revenues to ensure that parties live up to their obligations and that there would be 100% metering as well as the enthronement of contract driven markets in Lagos.

He disclosed that the government was working on achieving the required gas allocation for which the appropriate applications have been submitted to the relevant authorities.