The Lagos Water Corporation has advanced plans to expand access to potable water across the state through a Public-Private Partnership initiative aimed at strengthening water infrastructure and improving service delivery for more than 20 million residents.
The development was discussed during a Directors’ Meeting held at the corporation’s headquarters in Ijora, where the Executive Management reviewed progress on the competitive bidding and concession process for the rehabilitation, upgrade and operation of major water facilities across the state.
The meeting was chaired by the Managing Director of the corporation, Mukhtaar Temitope Tijani, and attended by transaction advisers, Olu Adebo and Dipo Oguntuga of Integrated Business Solutions. Speaking during the meeting, Engr. Titilola Oridami-Bright disclosed that 23 bids had been received across four project lots following technical and financial evaluations.
According to the corporation the concession arrangement will adopt standardized terms, including a 20-year tenure and a unified five per cent royalty structure designed to ensure transparency and fairness in the process.
LWC said the initiative would focus on rehabilitating existing facilities and expanding water distribution networks to bridge supply gaps, noting that the corporation currently serves only about 35 per cent of households in Lagos at full operational capacity.
The framework is also expected to introduce performance targets, including achieving between 60 and 80 per cent water supply availability in the initial phase, reducing Non-Revenue Water to below 25 per cent within seven to eight years, and increasing daily water supply hours.
To attract investors, the corporation said the PPP model would provide cost-reflective tariffs, periodic reviews, foreign exchange protection mechanisms and performance-based incentives.
LWC added that governance and oversight structures involving the Lagos State Waterways Authority and the Ministry of Environment and Water Resources had been incorporated to safeguard public interest and ensure continuity of service delivery.
The corporation stated that negotiations with preferred bidders would commence soon in collaboration with relevant government agencies and regulators.
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Lagos State Government had earlier announced plans to concession seven mini and micro waterworks located in Lekki, Akilo, Victoria Island Annex, Magodo, Abesan, Alexander and Apapa to private investors under the pilot PPP initiative.
