Analysis
Stakeholder Analysis
The Mendelow grid maps the stakeholders that matter for a Lagos State C&I entry, plotted by power over the project and interest in its outcome.
The top-right quadrant holds five actors aligned on the same outcome: JCM, Lagos State Electricity Regulatory Commission (LASERC), the Lagos State Government, the Nigerian co-investor, and the anchor C&I customers. Each needs something different (a license, jobs, equity returns, cheaper electricity), but none of them needs convincing that distributed solar is worth doing.
The top-left quadrant is the one that killed Enron and stalled Katsina. The Tinubu administration and Nigerian Electricity Regulatory Commission (NERC) sit there with high power and low day-to-day interest. The shift since 2023 is that they are broadly aligned rather than actively obstructing. Federal-state friction is not permanent. The plan assumes it will not return through the current presidential term.
The decisive group is in the top-right, not the top-left
For a Lagos State C&I project under the Electricity Act 2023, the federal government is a stakeholder to keep satisfied, not a stakeholder to negotiate with. The actors who decide whether the project closes financing and reaches commercial operation all sit within the state.