Nigeria invests USD 800 million to upgrade power infrastructure
The Nigerian government has announced an investment of USD 800 million under the Presidential Power Initiative to enhance the country’s power infrastructure. The plan focuses on the development of substations and distribution networks in key regions such as Benin, Port Harcourt, Enugu, Abuja, Kaduna, Jos, and Kano.
The initiative aims to address persistent power deficits by improving the nation’s transmission and distribution (T&D) systems. Despite ongoing challenges, including power distribution companies’ inability to absorb the full 5 GW of generated power, leading to T&D losses of over 1.4 GW, the government remains committed to raising generation capacity to 6,000 MW by the end of the year. Since 2023, power generation has increased by approximately 1,000 MW, a significant achievement for the current administration.