Lagos State has set its sights on adding 2,000 megawatts (MW) to its electricity supply by March 2027, and the state government is wooing 22 investors to help make it happen, P.M. News reported on Wednesday, November 11, 2026.
For residents of Nigeria's commercial capital, where generators remain a daily companion for many homes and businesses, any serious promise of more megawatts is bound to grab attention. The target and timeline, however, come from the state's own stated plans and have not been independently verified.
What Sanwo-Olu said about reforms
According to the report, Lagos State Governor Babajide Sanwo-Olu explained that his administration had rolled out reforms aimed at reshaping how the electricity market in the state works.
He reportedly said the changes were designed to do three things: restructure the power market, make regulatory institutions stronger, and build a competitive setting that can draw in private money.
The governor's argument, as reported, is that private capital is central to the plan, which is why the state is pitching to a group of 22 investors.
What is still unclear
The available report does not name the 22 investors, state how much money is involved, or explain which power projects are expected to deliver the extra 2,000MW. It also does not say where or at what event the governor made his remarks.
Lagosians will be watching closely to see whether the March 2027 deadline translates into steadier light in homes, offices and markets across the state.
- Based on reporting byP.M. News: Lagos targets 2,000MW power boost by March 2027, woos 22 investors
