The Oyo State Government has secured three investors ready to partner with it in the generation, transmission, and distribution of electricity as part of efforts to boost power supply across the state.

The State Government, through the Commissioner for Energy and Chairman of the Oyo State Electricity Regulatory Commission, Professor Daud Kehinde Sangodoyin, disclosed this during a chat with journalists in Ibadan, the state capital.

According to the Commissioner, one of the prospective investors has already expressed strong interest in generating hydroelectric power from the Asejire Dam, with discussions currently underway to bring the project to fruition.

Professor Sangodoyin explained that the state is opening its electricity market to credible investors who can meet its growing energy demands. He noted that the government has also made key planning documents available online to guide potential partners.

He further revealed that the state has been strategically segmented into industrial, institutional, residential, and underserved communities. This, he said, will enable investors to access relevant data, conduct feasibility studies, and propose viable projects tailored to specific energy needs.

“With this structure in place, investors can come in, utilise our data, and support the state in generating, transmitting, and distributing electricity efficiently,” he added.

The initiative marks a significant step in Oyo State’s drive to improve electricity access and attract private sector participation in the power sector.