The Lagos State Government has reaffirmed its commitment to unlocking economic opportunities in the energy sector through strategic partnerships aimed at advancing gas commercialisation across the state.
Epe Insights reports that the Deputy Governor of Lagos State, Dr. Kadri Obafemi Hamzat, represented Governor Babajide Sanwo-Olu at the Industry Strategic Session of the 2026 Gas Aggregator Company Nigeria (GACN)/Lagos State Government Gas Commercialisation Stakeholders Engagement.
The event also featured the signing of the GACN-LAISO Gas Commercialisation Collaboration Agreement at Lakowe Resort in Ibeju-Lekki.
The gathering brought together government officials, industry leaders, investors, and energy stakeholders to discuss strategies for expanding gas utilisation and supporting industrial growth in Lagos State.
Speaking at the event, Dr. Hamzat emphasized the importance of gas as a critical driver of economic development and industrialisation.
He noted that increased gas utilisation would help support businesses, improve energy access, and create opportunities for sustainable economic growth.
The deputy governor reiterated the Lagos State Government’s commitment to policies that encourage investment and innovation in the energy sector.
According to him, strategic collaborations between government agencies and private sector stakeholders remain essential to achieving long-term development goals.
The engagement provided a platform for stakeholders to deliberate on emerging opportunities within Nigeria’s gas industry.
Discussions focused on improving gas infrastructure, strengthening energy security, and expanding access to cleaner energy solutions.
Participants highlighted the role of gas in supporting industrial activities and enhancing economic competitiveness.
Industry experts also explored ways of accelerating gas-based investments capable of driving employment and business expansion.
A major highlight of the event was the signing of the collaboration agreement between GACN and LAISO.
Stakeholders described the agreement as a significant step toward advancing gas commercialisation initiatives in Lagos State.
The partnership is expected to promote greater collaboration in developing gas infrastructure and encouraging private sector participation.
Participants expressed optimism that the agreement would create new opportunities for investment and economic transformation.
The strategic session also examined the role of energy development in supporting Lagos State’s long-term growth agenda.
Speakers noted that reliable and affordable energy remains a critical requirement for sustainable industrial development.
They stressed the need for continuous stakeholder engagement to address challenges and maximize the potential of the gas sector.
Government officials reaffirmed their commitment to creating a business-friendly environment that attracts investment into key sectors of the economy.
Industry leaders commended Lagos State for its proactive approach to fostering partnerships that support energy development.
They noted that collaborative initiatives such as the GACN-LAISO agreement could help accelerate infrastructure development and economic diversification.
The event further showcased Ibeju-Lekki’s growing importance as a destination for major economic and industrial investments.
Observers described the area as a strategic hub for projects capable of driving future growth and development across Lagos State.
Stakeholders expressed confidence that continued investment in gas infrastructure would contribute significantly to job creation and industrial expansion.
They also emphasized the importance of leveraging natural gas resources to support cleaner and more efficient energy solutions.
As Lagos continues to pursue its development objectives, the government remains focused on partnerships that strengthen economic resilience and energy sustainability.
The successful stakeholders’ engagement and agreement signing underscored the state’s determination to position itself as a leading destination for energy investment and industrial growth.
With increased collaboration among public and private sector actors, expectations remain high for the successful implementation of gas commercialisation initiatives that will benefit businesses, investors, and residents across Lagos State.
