Residents of Lagos State together spend more than N13 trillion a month for electricity, according to the Lagos State Government. This amount is deemed unsustainable given the ongoing problem of an unstable power supply.

This was disclosed by Mr. Biodun Ogunleye, the Commissioner for Energy and Mineral Resources, at a news conference on Thursday at the Bagauda Kaltho news Centre in Alausa, Ikeja, in advance of the first Lagos Energy Summit, which is set for April 15–18, 2025.

According to Ogunleye, the government’s and inhabitants’ startling monthly energy costs are a glaring sign of the pressing need for dependable, alternate power sources.

You’ll concur that N13 trillion a month is an enormous expense, particularly in light of the erratic electricity supply. This emphasizes how urgently a more sustainable energy strategy is needed,” he said.

Ogunleye declared that the state will begin installing 22,000 solar-powered streetlights on important highways as the first stage of a larger renewable energy plan in an effort to reduce expenses and encourage energy conservation.

He clarified that because fuel prices are rising, diesel-powered generators—which are now utilized to light up streets—are becoming less and less viable.

“The government is still dedicated to keeping our streets lit, even if maintaining diesel-powered lamps is quite expensive. Now, efforts are on to find a long-term answer, beginning with solar technology. Implementation will start soon,” he promised.

The commissioner also stated that the Lagos State Electricity Law 2024, the state’s changing energy policies, and the crucial role played by the Lagos State Energy Regulatory Commission in reaching electricity generation and distribution goals will all be covered strategically at the Energy Summit, which has as its theme “Journey to Energy for All.”

Lagos wants to become a 24-hour economy powered by innovation and clean energy, and the summit intends to forge a bold route toward accessible, affordable, and sustainable energy.