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Nigeria’s Federal Executive Council has approved three privately financed infrastructure projects worth about $4.29 billion under public-private partnership arrangements.

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December 18, 2025December 18, 2025
Nigeria’s Federal Executive Council has approved three privately financed infrastructure projects worth about $4.29 billion under public-private partnership arrangements.

The projects include the Bakassi Deep Seaport in Cross River State, the Ondo Deep Seaport, and the 460-megawatt Katsina-Ala Hydropower Plant. They will be regulated by the Infrastructure Concession Regulatory Commission.

Officials say the approvals reflect renewed investor confidence following recent economic reforms. The port projects are expected to boost trade and ease congestion, while the hydropower plant will add renewable energy to the national grid.

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