Since 2002, major power sector projects have been carried out in Nigeria. Among these, 217.01 million Units of Account (UA), the highest amount, was committed to Dangote Industries Limited's refinery and fertilizer projects, approved in 2014. This project aimed to construct and operate a new greenfield crude oil refinery and a greenfield fertilizer manufacturing plant. Moreover, around 119 million UA have been committed to the Nigeria Transmission Expansion Project Phase 1, approved in November 2019 and scheduled to be completed in December 2024. According to the source, this project aims to support the reformation and upgrade of the electricity transmission lines and substations.
Commitment value of implemented and completed power sector projects in Nigeria from 2002 to 2019
(in million Units of Account)
African Development Fund- and African Development Bank-financed
Supplementary notes
* Completed project.
Figures have been rounded.
The release date is the date of data access.
The source notes the following:
"The Bank uses a unit of account (the “Unit of Account” or “UA”) equivalent to the IMF’s Special Drawing Right (SDR) as its reporting currency".
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AfDB. (June 3, 2022). Commitment value of implemented and completed power sector projects in Nigeria from 2002 to 2019 (in million Units of Account) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1312202/value-of-power-sector-projects-in-nigeria/
AfDB. "Commitment value of implemented and completed power sector projects in Nigeria from 2002 to 2019 (in million Units of Account)." Chart. June 3, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1312202/value-of-power-sector-projects-in-nigeria/
AfDB. (2022). Commitment value of implemented and completed power sector projects in Nigeria from 2002 to 2019 (in million Units of Account). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1312202/value-of-power-sector-projects-in-nigeria/
AfDB. "Commitment Value of Implemented and Completed Power Sector Projects in Nigeria from 2002 to 2019 (in Million Units of Account)." Statista, Statista Inc., 3 Jun 2022, https://www.statista.com/statistics/1312202/value-of-power-sector-projects-in-nigeria/
AfDB, Commitment value of implemented and completed power sector projects in Nigeria from 2002 to 2019 (in million Units of Account) Statista, https://www.statista.com/statistics/1312202/value-of-power-sector-projects-in-nigeria/ (last visited December 22, 2024)
Commitment value of implemented and completed power sector projects in Nigeria from 2002 to 2019 (in million Units of Account) [Graph], AfDB, June 3, 2022. [Online]. Available: https://www.statista.com/statistics/1312202/value-of-power-sector-projects-in-nigeria/
