Ekiti State Governor, Biodun Oyebanji, said on Thursday that the state government had granted operational licenses to 14 electricity investors.

He said this is part of the efforts of the administration to achieve energy independence.

Oyebanji, who made the disclosure on his X handle, said that the investors include “three distribution companies, four generation companies, two mini-grid generation companies, and five Meter Asset Providers”.

He said, “This strategic move will enhance power generation, ensure efficient distribution, and provide reliable metering for our residents.

“Currently, Ekiti receives approximately 20-25 megawatts from the national grid, which falls short of our estimated requirement of 120MW.

“Our goal is to reach 130MW through a robust state grid, reducing our dependence on the national supply and promoting sustainable, locally managed energy solutions.

“This initiative aligns with the 2023 Electricity Law enactments, which empower states to decentralise electricity markets and license providers to meet local needs better,” the governor stated.

Oyebanji appreciated people for believing in his administration’s vision for a brighter and self-reliant Ekiti.

“Together, we are building a stronger foundation for economic growth, job creation, and an improved quality of life for all our residents,” he said.

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