“If you want to get power, you pay a little more,” the Ondo energy commissioner stated.

Obe, a speaker at a breakfast seminar hosted by the Lagos Chamber of Commerce and Industry themed ‘Developing a Sustainable Energy Market,’ in Lagos on Thursday, said the profitability of the DisCos would grow the market and make it more sustainable as the cost of electricity generation was high.

Other speakers at the energy seminar included the Lagos State Commissioner for Energy and Mineral Resources, Biodun Ogunleye and the LCCI President, Gabriel Idahosa, who recommended strategic initiatives, collaboration, and innovation as a path to sustainable energy in Nigeria.

Ogunleye emphasised the importance of a sustainable electricity market for Lagos State, Nigeria’s economic powerhouse.

The commissioner highlighted the necessity of reliable electricity to power homes, businesses, and industries, acknowledging the persistent challenges of insufficient generation capacity, ageing infrastructure, high transmission losses, and inadequate distribution networks.

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