Business

Lagos, USAID partner to boost energy for residents

U.S. Consul General, Will Stevens, and the Lagos State Governor, Babajide Sanwo-Olu, have held a handover ceremony to celebrate the completion of the Lagos State Integrated Resource Plan to bolster the overall energy security for the residents of the state.

Speaking at the event held in Lagos on Tuesday, Stevens said: “The U.S. government is committed to expanding and supporting the modernisation of Lagos’s energy sector, building a foundation for broad and inclusive economic and social development.

“This Integrated Resource Plan is a concrete testament to the partnership between the United States and Lagos State as we both work together to create a sustainable and equitable future.”

READ ALSO: Sanwo-Olu approves business grant for 100 traders in Lagos

He added that the U.S. government and the U.S. Agency for International Development (USAID) will continue to collaborate with Lagos State to implement the plan to further support power sector planning and coordination and provide guidance to stakeholders on the state power system development requirements.

According to the Lagos State Government, the Integrated Resource Plan serves as a roadmap and blueprint to improve sector planning and coordination while providing guidance on the state energy development requirements to stakeholders, including federal and state agencies, regulators, power generators, electricity transmitters and distributors, investors, and consumers.

It noted that the Integrated Resource Plan will improve sector planning and coordination to provide stable and sustainable energy to all citizens and businesses, adding that the Plan will outline resource development plans for the next 20 years to meet the long-term electricity needs of the State’s residents, businesses, industries, and public/government premises such as hospitals and health clinics.

The Star

Segun Ojo

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