Nigeria Unveils $78.5bn Investment Plan for 65 Projects

President Bola Tinubu announced 65 investment projects needing $78.5 billion in funding across Nigeria’s economy, targeting 366,763 new jobs. The initiatives span five key sectors as detailed on the Federal Government’s Projects Nigeria portal.

The oil, gas and power sector includes 25 projects totaling $36.4 billion, with transport and maritime comprising eight projects at $25 billion. Agriculture and agro-processing requires six projects valued at $9.8 billion, while industry, manufacturing and mining needs 17 projects with $6.6 billion in capital.

Tinubu urged investors to review these initiatives and collaborate with sponsors to advance execution.

The Ondo Modular Refinery stands as the largest oil, gas and power project at $15 billion, and Strategic Deep Sea Ports is the top transport and maritime initiative requiring $11.5 billion.