National Economy
Wednesday, June 10, 2026
No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy
News
National Economy
No Result
View All Result
  • Home
  • News
  • Lead-In
  • Energy
  • Economy
  • Tech
  • States & Politics
  • Commentary
  • Editorial
  • Data
  • Others

Nigeria To Construct 1,650 MW Hydropower Plant At $3bn

by Chika Izuora
November 16, 2022
in Business, News
Power-Minister-9

Nigeria has given an approval for the construction of a 1,650-megawatt (MW) hydropower plant at a cost of $3 billion.

If the project is realised it would be recorded as one of the single biggest power projects in the country.

The project would be funded under a public private partnership arrangement and located in the north central state of Benue, Laolu Akande, spokesman to vice president Yemi Osinbanjo said in a statement.

Nigeria currently struggles with low power output and limited transmission infrastructure, leaving many households and businesses reliant on diesel-powered generators.

Authorities said, last week, the government would grant a concession to operate its $1.3 billion China-funded Zungeru hydropower plant that will come on stream in the first quarter of next year.

YOU MAY ALSO LIKE

Brand Drives Football Engagement Campaign

FCCPC Clarifies Airtime Regulation Position, Suspends DEON Enforcement

Author

  • Bukola Idowu
    Bukola Idowu

ShareTweetShare

OTHER GOOD READS

Brand Drives Football Engagement Campaign
News

Brand Drives Football Engagement Campaign

2 days ago
FCCPC Clarifies Airtime Regulation Position, Suspends DEON Enforcement
News

FCCPC Clarifies Airtime Regulation Position, Suspends DEON Enforcement

2 days ago
Farmers Lament $2.34bn Import Bill, Seek Improved Farm Security
News

Farmers Lament $2.34bn Import Bill, Seek Improved Farm Security

2 days ago
Next Post
FLNG’s $1.8m Facility Unlocks New Era Of LNG Industry In Nigeria

FLNG's $1.8m Facility Unlocks New Era Of LNG Industry In Nigeria

© 2025 | National Economy Newspaper | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy

© 2025 | National Economy Newspaper | All Rights Reserved