- Private investors to fully finance three major port and power projects
- Approvals seen as boost for trade, energy supply and market confidence
ABUJA, NIGERIA – Nigeria’s cabinet has approved $4.29 bn worth of public-private partnership projects, signalling renewed investor confidence after years of infrastructure funding strain.
The Federal Executive Council cleared three major PPP developments: the Bakassi Deep Seaport in Cross River State, the Ondo Deep Seaport in southwest Nigeria and a 460 MW Katsina-Ala hydropower plant in the country’s north-central region. All three projects will be financed entirely by private investors and implemented under the regulatory supervision of the Infrastructure Concession Regulatory Commission (ICRC).
This article is free to read.
Sign up for free or sign in to continue reading.
Unlike our competitors, we don't force you to pay to read the news but we do need your email address to make your experience better.
Create your free account or sign in
