As River State government continue to decry its inability to access the independent power it built due to provision of the law which places transmission exclusively on the federal government, Lagos State Governor, Mr Akinwunmi Ambode has said his administration has already embarked on reform aimed at generating 3000 megawatts (MW) of electricity within the next few years.
The question now is whether Lagos will be allowed by the law that frustrated Rivers State to own and manage a similar power plant built by former administration of Mr. Chibike Amaechi.
Business Hilights recalls that it was a running battle with the federal government through the National Electricity Regulatory Commission (NERC).
According to Ambode, the initiative would go a long way in improving the state’s economy and make life more comfortable for residents of the state.
He made the disclosure at the 7th Annual Public Lecture of the Lagos State Public Service Chapter (LSPSC) of the Institute of Chartered Accountants of Nigeria (ICAN) held on Monday in Ikeja.
The lecture has the theme; Lagos@50: Unlocking Its Economic Potentials for Sustainable Development.
Governor Ambode stressed the importance of adequate power supply to unlock the economic potentials of the state, noting that the sector remained strategic in reducing the cost of doing business and improving the living condition of Lagosians.
Ambode described the theme of the lecture as apt and in line with the resolve of his administration to identify, explore and exploit the untapped potentials of the Lagos economy, which according to him, was why the state government was adopting the approach of strategic, innovative, as well as long-term thinking and planning.
