… Receives Over N3.78bn As Oil Derivation 

As part of measures to sustain its drive for an effective 24-hour economy, the Lagos State Government has concluded plans to set up five additional power hubs across the metropolis in a bid to give residents other alternative sources of clean energy.

The state government said that these additional power hubs earmarked would complement the six solar POCs (Proof of Concept), giving Lagosians a better alternative to power supply across Lagos.

The Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye, who disclosed this on Wednesday during the 2024 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, Ikeja, stressed that renewable energy is the cornerstone of the government’s clean electricity plans for Lagos.

Ogunleye added that there are plans to develop One Gigawatt of grid-scale solar energy capacity for the clean Lagos electricity market and over 10 sites considered for the project including Egbin terminal plant site, Ikorodu, Badagry, Agbara, Ogudu and others.

Aside from this, the Commissioner further disclosed that the administration of Governor Babajide Sanwo-Olu has distributed over 10,000 gas tubes to petty traders to reduce their dependence on firewood and other unclean sources in Lagos.

He said: “We have distributed over 10,000 gas tubes to the residents to abandon other unclean energy. We believe that this source is better and healthy for the traders and other Lagosians patronising them”.

“While we are encouraging this, the government will be intensifying enforcement to curb haphazard establishment of gas plants and shops in the state. This is to ensure that everyone adheres to safety”.

The Commissioner revealed that the Lagos state government would be partnering with the Federal Government to ensure both gas and fuel stations do not cause harm to the people in the state. We want to ensure that our people are safe in Lagos”.

Ogunleye stated that the government would be embarking on other research works to discover new mineral resources that could boost Lagos’ revenue annually.

He noted that the oil discovery in Lagos has assisted the state to join oil producing states and receipt of derivation from the Federal Government.

He said: “Between 2018 and 2019, the state government received from the Federal Government N131 million as part of oil derivation. Also, within 2020-2021, the Lagos state government received N3.78 billion. 

“However, presently, the owners of the assets have been having issues among themselves. And as long as they could not produce, there would be no money for Lagos. The state government is engaging them to ensure that they return to the field. And we hope that before the end of the year, they will find new technical partners and they can go back to production”. 

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