Nigeria Allocates N1 Trillion for Electricity Generation Projects in 2025 Budget
The Nigerian government has allocated approximately $3 billion for special power interventions and multilateral projects in its 2025 budget, with the aim of enhancing electricity generation and distribution.
The Nigerian government has allocated a substantial portion of its N1.2 trillion 2025 budget towards financing special power interventions and multilateral projects aimed at enhancing the country's electricity generation and distribution capabilities. The Ministry of Power will be primarily responsible for implementing these initiatives, which are expected to improve the overall efficiency of the energy sector. The projects include both bilateral and multilateral loan agreements with international partners, demonstrating the government's commitment to addressing the country's power challenges. This significant investment is part of a broader effort to ensure reliable and sustainable electricity supply in Nigeria.
