The Federal Government has secured fresh international investment pledges from leading Chinese power companies and financial institutions, marking a major step toward revitalising Nigeria’s electricity sector.
Announcing the development in Abuja while presenting his 100-day scorecard, Minister of Power Joseph Tegbe revealed that the commitments span generation, transmission, renewable energy, equipment manufacturing, and grid digitalisation. The agreements followed a high-level Nigeria–China power sector mission to Beijing.
China Machinery Engineering Corporation (CMEC): Reaffirmed support for the 1.9GW Presidential Power Initiative, with the first transmission lines expected by Q1 2027. China National Electric Engineering Company (CNEEC): Advancing $116 million financing for the Zungeru power evacuation project.
BEA: Proposed a $500 million industrial park for local manufacturing of power equipment. Sinomach and Huawei: Engaged in projects covering grid digitalisation, SCADA systems, technical training, and renewable energy pilots.
The Chinese engagements also include accelerated development of the East-West Super Grid, the Omotosho–Epe transmission line, cable supply and assembly, a 300MW distributed renewable-energy programme, and waste-to-energy pilot projects.
Minister Tegbe highlighted ongoing efforts to restore financial viability in the electricity market, including the mobilisation of ₦1.23 trillion through bond issuances to settle verified legacy debts owed to generation companies.
He further disclosed that interventions along the Ikorodu–Sagamu industrial corridor are expected to block energy theft and revenue leakages estimated at ₦120 billion annually, strengthening billing and collection systems.
Tegbe announced renewed momentum for the long-stalled Mambila hydropower project in Taraba State, following Nigeria’s victory in a $3.38 billion arbitration dispute at the International Chamber of Commerce in Paris. He said the government is now exploring a phased approach to deliver the massive scheme alongside smaller hydropower projects to support agriculture and industry.
Next Phase: Bankable Projects and Private Sector Participation
Looking ahead, Tegbe identified priorities including the Transmission Super Grid, the East-West Grid, the Mambila project, and smaller hydropower schemes. He stressed that new generation capacity must be matched by viable demand and infrastructure, with greater private-sector participation driving sustainability.
