Nigeria greenlights N6.4tn private investment for ports and power
The Federal Executive Council has approved over N6.43tn in new Public-Private Partnership projects, aiming to boost Nigeria’s infrastructure. The projects include two deep seaports and a major hydropower plant, reflecting President Bola Tinubu’s commitment to private-sector-led growth. According to the Infrastructure Concession Regulatory Commission, these moves are part of the Renewed Hope Agenda and are expected to improve trade, energy, and job creation. The latest approvals were announced on June 5, 2025.
TLDR
- Three major PPP projects worth over N6.43tn were approved by the Federal Executive Council under Bola Tinubu’s administration on June 5, 2025.
- The projects include the $2.27bn Bakassi Deep Seaport, $1.14bn Port of Ondo Deep Seaport, and $878.1m Katsina-Ala Hydropower Plant.
- All projects will be fully financed, developed, and operated by private investors, aiming to boost trade and renewable energy.
- These approvals bring the total number of PPP projects endorsed in 2025 to over 13, spanning sectors like maritime, health, aviation, and power.
- The government’s strategy is to attract long-term private capital to address Nigeria’s infrastructure deficit and stimulate economic growth.
