WATCH THE VIDEO HERE The Federal Ministry of Power has budgeted the sum of N150 billion for transmission projects under the Presidential Power Initiative. This is contained in the 2025 Appropriation Bill, recently presented to the National Assembly by President Bola Tinubu. The Presidential Power Initiative is one of various initiatives and bilateral partnerships aimed at tackling its chronic power challenges. The Presidential Power Initiative (PPI) is a project of the Federal Government, with funding and technical support from the German government, aimed at modernising and expanding Nigeria’s power grid. The initiative was conceived in 2018 by President Muhammadu Buhari and German Chancellor Angela Merkel. The PPI’s goals include: According to the FGN Power Company, which is in charge of its execution, the PPI is being implemented in three phases: In September 2024, the federal government announced that it would invest $800 million under the PPI in upgrading the power sector. According to the Minister of Power, Adebayo Adelabu, this investment under the PPI would contribute to increasing Nigeria’s power generation to 6,000 MW by the end of 2024 and 25,000 MW by the end of 2025. He added that part of the investment would go into constructing super and mini-grids. It would also be extended to Electricity Distribution Companies across the country, to help them upgrade their services.
2025 Budget: Ministry of Power to spend N150 billion on PPI transmission projects
