JMG Limited, a premier provider of electro-mechanical solutions in the country, has powered the 2025 BusinessDay Energy Conference, where stakeholders in the energy sector had discussions on the sector's advancement, with a firm commitment by the company to strengthening the delivery of cutting-edge solutions to boost power to homes and businesses, cost-effectively.
The conference with the theme 'Powering the States: Navigating Nigeria's Decentralised Electricity Future,' had in attendance the representative of the Lagos State Government, the Honourable Commissioner, Lagos State Ministry of Energy and Mineral Resources, Biodun Ogunleye and Chief Executive Officers of key players in the energy and financial institutions, was held at the Wheatbaker Hotel, Ikoyi, on Tuesday, 24th June 2025.
The conference was held with the intention of offering suggestions on the methodology for improving power generation in the country.
Since 1998, JMG Limited has been delivering comprehensive energy solutions across the country. Backed by strong partnerships with leading global brands, JMG specializes in upgrading homes and businesses with energy-efficient electrical and mechanical systems; from power generation to end-use applications. Their expertise also extends to cutting-edge renewable energy solutions, helping clients transition to a more sustainable future.
Speaking at the event, Rabi Jammal, Group General Manager of JMG Limited, emphasized the company's belief in decentralization, highlighting its potential to foster partnerships and enhance efficiency within the power sector. Jammal went on to list various benefits of decentralising the sector, including state governments autonomy on deciding best solutions suitable for improved power generation. He further asserted that JMG has a wide range of solutions that have helped deliver power generation to individuals and organisations, including government infrastructures.
In his remark, Honourable Ogunleye, who commended JMG for the sponsorship and the organizer of the conference, Frank Aigbogun, the Chief Executive Officer and Publisher of BusinessDay Media Limited, averred that Lagos State is making a giant stride in ensuring electricity for all, through policies and favourable implementation processes that would also see private participation.
He explained that the Electricity Act of 2023, which paved the way for state power generation repeals the Electric Power Sector Reform Act of 2005 and aims 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.
Earlier, the CEO of BusinessDay Media, Aigbogun, said 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.
He said 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, far below the demand of a country with over 200 million people, hence the need for the session for the way forward.
The panelists at the session stressed that the state's power generation is in transition and in terms of readiness, the development varies across states, with Enugu, the first to implement it, moving progressively with policies and regulations suitable for investment.
It was asserted that there is need for clarification on the restrictions on state and national regulations, and licensing models, for an investor that wants to transcend different states, whether there should be a single license for the business or multiple, as these issues act as bottlenecks for growth.
They further added that the return on investment should be attractive to investors to enhance participation.
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.
Rabi Jammal, Group General Manager, JMG Limited, during a presentation
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