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Lagos, Nigeria – July 11, 2023

In a momentous power discourse, the President of the African Development Bank Group, Akinwumi Adesina, and the Governor of Lagos State, Babajide Sanwo-Olu, came together to discuss the development of Lagos State’s pioneering Public-Private Partnership (PPP) power transmission project. Entrepreneur and philanthropist Femi Otedola expressed his support for the initiative, emphasizing its significance.

The power discourse, held at the Lagos State Government House, brought together key stakeholders and experts in the energy sector, demonstrating their commitment to addressing Nigeria’s power challenges through innovative approaches. Femi Otedola, known for his advocacy of sustainable energy solutions, actively participated in the discussion.

President Akinwumi Adesina highlighted the transformative potential of the PPP power transmission project in Lagos State, stating, “This project has the power to revolutionize Nigeria’s power sector. Through the collaboration of public and private resources, we can accelerate the deployment of modern transmission infrastructure, ensuring reliable electricity access for the people of Lagos State and fostering economic growth.”

Governor Babajide Sanwo-Olu echoed his enthusiasm for the project, underscoring its alignment with the Lagos State Government’s commitment to sustainable development. He remarked, “Lagos State has always been at the forefront of pioneering initiatives, and this Public-Private Partnership power transmission project exemplifies our dedication to creating a resilient, efficient, and inclusive energy ecosystem. We believe this collaboration will yield transformative results for our state and serve as a model for other regions in Nigeria.”

Femi Otedola, in his statement, expressed his delight and support for the partnership between the African Development Bank Group and the Lagos State Government. He said, “I am thrilled to witness this historic collaboration. The PPP power transmission project marks a significant milestone in Nigeria’s energy landscape, laying the foundation for a more robust and reliable power infrastructure.”

The power discourse concluded with a collective commitment from all stakeholders to work collaboratively, ensuring the successful implementation of the PPP power transmission project. The initiative aims to enhance power generation, improve grid stability, and ultimately deliver reliable electricity to households, businesses, and industries across Lagos State.

This groundbreaking undertaking represents Nigeria’s unwavering determination to overcome the challenges hindering progress in the power sector. The Public-Private Partnership power transmission project in Lagos State signifies a new era in Nigeria’s energy landscape, promising increased access to reliable electricity and a brighter future for all.

By Editor

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