FG Seeks Chinese Investment for Nigeria's Power Projects

On September 11, 2023, the Federal Government of Nigeria, represented by Minister of Power Joseph Tegbe, initiated efforts to strengthen investment partnerships with Chinese power engineering firms and financial institutions. This initiative aims to accelerate electricity projects and mobilize capital within Nigeria’s power sector.

Tegbe's discussions in Beijing focused on transforming existing partnerships into bankable projects and ensuring the completion of ongoing initiatives under the Presidential Power Initiative (PPI). He met with representatives from Sinomach Group and China Machinery Engineering Corporation (CMEC), seeking firm completion schedules for PPI projects and proposing a broader investment model that includes co-investment in generation, transmission, and hydropower projects.

Additionally, Tegbe engaged with China National Electric Engineering Corporation (CNEEC) to enhance EPC cooperation on Nigeria’s transmission network, which currently faces significant constraints. The Nigerian delegation also observed a factory acceptance test for high-voltage cables at Hengfei Cable’s Changsha Industrial Park, ensuring compliance with technical standards for upcoming transmission projects.