Nigeria to invest USD2.7 billion in powerinfrastructure works

The Federal Government of Nigeria has planned to invest USD2.7 billion in power infrastructure projects.

The investment is a part of the larger USD3.4 billion plans to execute 10 projects across the country. The projects to be executed in the power sector include the World Bank-funded Nigeria Electrification Project (NEP) (Off-Grid) worth USD350 million; the North Core Interconnection Power Transmission Line (regional project under West African Power Pool or WAPP) worth USD32.3 million, Nigeria Electricity Transmission and Access Project worth USD486 million, Nigeria Electrification Project worth USD200 million, and Nigeria Transmission and Expansion Programme worth USD210 million—all to be funded by the African Development Bank (AfDB); and the Abuja Power Feeding Transmission Scheme worth USD170 million and the Northern Corridor Transmission Line worth USD245 million to be funded by the Agence Française de Développement (AFD) or the French Development Bank.