The Nigerian government recently announced an investment of USD 800 million to improve the nation’s power infrastructure through the presidential power initiative.
This investment plan aims to develop substations and distribution networks in important areas such as Benin, Port Harcourt, Enugu, Abuja, Kaduna, Jos, and Kano. The initiative would seek to tackle enduring power deficits through enhancing transmission and distribution (T&D) capabilities. This development comes as Nigeria’s power sector faced numerous challenges, including the inability of power distribution companies to absorb full power generation of over 5 GW leading to T&D losses of over 1.4 GW. Regardless of this, the government intends to raise generation capacity to 6,000 MW by the year’s end. Starting from 2023, there has been a rise of approximately 1,000 MW in power generation, which is a notable accomplishment for the current government.