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| From Left: Edu Okeke, Managing Director, Azura Power West Africa, with Biodun Ogunleye, Commissioner for Energy and Mineral Resources, Lagos State; Rabi Jammal, Group General Manager, JMG Limited; and Frank Aigbogun, Chief Executive Officer and Publisher, BusinessDay Media Limited; at the 2025 BusinessDay Energy Conference held at the Wheatbaker Hotel, Ikoyi, Lagos, on Tuesday, 24th June 2025, sponsored by JMG Limited. |
JMG Limited, a leading provider of electro-mechanical and renewable energy solutions in Nigeria, powered the 2025 BusinessDay Energy Conference, reaffirming its commitment to delivering innovative, cost-effective, and sustainable energy solutions that enhance power access for homes and businesses across the country.
The high-level conference, themed “Powering the States: Navigating Nigeria's Decentralised Electricity Future,” was held at the Wheatbaker Hotel, Ikoyi, Lagos. It brought together senior government officials, including Biodun Ogunleye, Honourable Commissioner for Energy and Mineral Resources, Lagos State, alongside CEOs and key stakeholders from the energy and finance sectors.
The event aimed to facilitate critical dialogue around decentralizing electricity generation and providing actionable strategies to improve Nigeria’s power supply landscape.
In his keynote remarks, Rabi Jammal, Group General Manager of JMG Limited, emphasized the company’s strong belief in decentralization as a driver of innovation, efficiency, and growth within the power sector.
“Decentralisation allows states to pursue tailored solutions, foster stronger partnerships, and accelerate energy access,” Jammal said. “At JMG, we offer a wide range of technologies that enable individuals, businesses, and governments to take control of their power needs — from conventional power generation systems to cutting-edge renewable solutions.”
Since its establishment in 1998, JMG Limited has been a trusted name in the Nigerian energy space, delivering turnkey electro-mechanical systems and championing the shift to renewable energy. Through its strategic partnerships with global technology leaders, JMG continues to support Nigeria’s energy transition with sustainable, efficient, and innovative solutions.
Speaking at the event, Hon. Biodun Ogunleye commended JMG for supporting the conference and lauded Frank Aigbogun, CEO and Publisher of BusinessDay Media Limited, for spearheading vital conversations on the future of power in Nigeria. He highlighted the Lagos State Government’s efforts toward universal electricity access through favourable policies and private sector collaboration.
Ogunleye referenced the Electricity Act of 2023, which repealed the Electric Power Sector Reform Act of 2005. He described it as a transformative framework that liberalizes the sector, promotes renewable energy, and encourages state-level power generation and private sector investment.
“The new Act clarifies the roles of federal and state governments and opens new doors for innovation, investment, and decentralised solutions,” he noted.
Frank Aigbogun, in his remarks, said Nigeria is at a critical juncture in its energy journey, and the conference was designed to explore viable solutions to longstanding sector challenges.
“Despite an installed generation capacity of over 11,000MW, actual delivery remains between 4,000–5,000MW — woefully short of demand in a nation of over 200 million people,” he said. “This conference serves as a platform to rethink strategies and galvanize action.”
During the panel session, energy experts and sector leaders examined the readiness of different states to implement decentralized generation. Enugu State was cited as an example of progress, having begun implementation through tailored regulatory frameworks. However, concerns were raised about the lack of clarity around inter-state licensing, regulatory overlap, and incentives to attract investors.
Panelists emphasized the need for harmonized policies, simplified licensing, and investor-friendly returns to unlock the full potential of decentralized power.
As the energy landscape continues to evolve, JMG Limited remains a reliable partner, providing end-to-end power solutions that drive economic growth and sustainable development.