The Federal Executive Council has approved three major Public‑Private Partnership projects valued at over N6.43 trillion, marking a significant influx of private‑sector investment into Nigeria’s infrastructure. The projects—a pair of deep seaports and a 460‑megawatt hydropower plant—constitute the second batch of PPP initiatives cleared by the Council within a month, underscoring President Bola Tinubu’s push for private capital as a driver of growth under the Renewed Hope Agenda.
According to Jobson Ewalefoh, Director‑General of the Infrastructure Concession Regulatory Commission, the approvals demonstrate the practical impact of the President’s agenda, which prioritises private‑sector‑led infrastructure delivery as a catalyst for national growth, economic competitiveness, and job creation. The newly approved projects are expected to inject more than $4.29 billion in private capital into the Nigerian economy.
The projects include the $2.27 billion Bakassi Deep Seaport, the $1.14 billion Port of Ondo Deep Seaport, and the $878.1 million Katsina‑Ala Hydropower Plant, all of which will be fully financed, developed, and operated by private investors. The greenfield Bakassi Deep Seaport will create a new maritime gateway for the North‑Central and North‑East regions, serving as a major hub for West and Central Africa. The Port of Ondo Deep Seaport is expected to unlock the South‑West’s solid minerals and agro‑allied value chains, positioning Ondo State as a new logistics and export corridor. The 460‑megawatt Katsina‑Ala Hydropower Plant will help address Nigeria’s persistent electricity deficit, unlocking renewable‑energy potential and supplying essential base‑load power to the national grid.
These approvals follow the clearance of three PPP projects in November, which attracted an additional $230.9 million in private capital. The total number of PPP projects endorsed in 2025 now exceeds 13, spanning maritime, health, aviation, power, and industrial sectors. Nigeria has increasingly turned to PPPs to expand its ageing infrastructure stock amid tight public revenues and rising fiscal pressures, allowing private investors to finance, build, and operate major assets with returns tied to user fees or long‑term concessions.
The strategy is crucial for Nigeria’s growth trajectory, as the country requires an estimated $100 billion annually in infrastructure spending to close its deficit. The approvals reinforce the administration’s intent to shift heavy infrastructure financing to the private sector while improving regulatory oversight to attract long‑term capital. With these projects, Nigeria is poised to accelerate economic competitiveness, enhance trade, and expand its renewable‑energy footprint, signaling a significant step forward in the nation’s infrastructure development.
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