JMG Limited powered the BusinessDay Energy Conference, reinforcing commitment to cutting-edge solutions for Nigeria Energy Decentralisation
[dropcap]A[/dropcap] significant push for Nigeria energy decentralisation took centre stage at the 2025 BusinessDay Energy Conference, powered by JMG Limited.
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This premier provider of electro-mechanical solutions reinforced its commitment to delivering cutting-edge solutions.
Stakeholders in the energy sector discussed advancements and strategies for boosting power to homes and businesses cost effectively.
The conference’s theme, ‘Powering the States: Navigating Nigeria’s Decentralised Electricity Future,’ brought together key figures from the energy sector and financial institutions.
The Honourable Commissioner for Energy and Mineral Resources in Lagos State, Biodun Ogunleye, represented the Lagos State Government.
The event, held at the Wheatbaker Hotel in Ikoyi on Tuesday, June 24, 2025, aimed to offer concrete suggestions on improving power generation across the nation.
Since 1998, JMG Limited has been delivering comprehensive energy solutions across Nigeria.
Backed by strong partnerships with leading global brands, JMG specialises in upgrading homes and businesses with energy efficient electrical and mechanical systems, from power generation to end use applications.
Their expertise extends to cutting edge renewable energy solutions, helping clients transition to a more sustainable future.
Speaking at the conference, Rabi Jammal, Group General Manager of JMG Limited, emphasised the company’s belief in decentralisation.
She highlighted its potential to foster partnerships and enhance efficiency within the power sector. Jammal listed various benefits of decentralising the sector, including state governments gaining autonomy in deciding the best solutions suitable for improved power generation.
She further asserted that JMG has a wide range of solutions that have helped deliver power generation to individuals and organisations, including government infrastructures.
The country stands at a critical inflection point in its energy transition journey, that for decades the power sector has struggled under the weight of underperformance, limited infrastructure, and inadequate investment.
“The country stands at a critical inflection point in its energy transition journey, that for decades the power sector has struggled under the weight of underperformance, limited infrastructure, and inadequate investment,” Frank Aigbogun, Chief Executive Officer and Publisher of BusinessDay Media Limited, said earlier.
He explained that despite a theoretical installed generation capacity exceeding 11,165.4 megawatts (MW), the country delivers an average of only 4,000 to 5,000MW to homes and businesses.
This falls far below the demand of a country with over 200 million people, thus necessitating the session for a way forward.
Honourable Ogunleye commended JMG for the sponsorship and BusinessDay Media for organising the conference. He affirmed that Lagos State is making significant strides towards ensuring electricity for all.
This includes policies and favourable implementation processes that will encourage private participation.
He explained that the Electricity Act of 2023 repealed the Electric Power Sector Reform Act of 2005.
This new Act paved the way for state power generation, aiming to liberalise the electricity sector, promote renewable energy, and encourage private sector investment to improve electricity access and reliability.
According to him, the 2023 Act also clarifies the roles of federal and state governments in electricity generation, transmission, and distribution.
Panelists at the session stressed that state power generation is currently in transition.
They noted that readiness varies across states, with Enugu being the first to implement decentralisation and progressing well with suitable policies and regulations for investment.
They asserted the need for clarification on restrictions concerning state and national regulations and licensing models.
For an investor wanting to operate across different states, clarity is needed on whether a single license or multiple licenses are required, as these issues currently act as bottlenecks for growth.
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They further added that the return on investment must be attractive to investors to enhance their participation.
