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FULL LIST: 65 Nigerian projects seeking $78.5bn in investment NEWS October 17, 2026 8:19 am FULL LIST: 65 Nigerian projects seeking $78.5bn in investment President Bola Tinubu By Tosin Oyediran President Bola Tinubu has unveiled 65 investment projects requiring $78.5bn in funding across five sectors of Nigeria’s economy, with the proposed investments projected to generate 366,763 jobs. The breakdown of the projects listed on the Federal Government’s Projects Nigeria investment portal shows that the oil, gas and power sector accounts for 25 projects requiring $36.4bn, while transport and maritime has eight projects with a combined capital requirement of $25bn. Agriculture and agro-processing accounts for six projects requiring $9.8bn, while industry, manufacturing and mining has 17 projects requiring $6.6bn. The remaining nine projects fall under technology, health and urban services, with an estimated capital requirement of about $700m, all these were obtained in an independent check by our correspondent to the Project Nigeria website as cited by Tinubu in the Friday post on X. There, he noted, “I invite Nigerian and international investors to examine these projects and engage directly with their sponsors through Projects Nigeria. “Our administration will work with you to resolve obstacles and move viable investments into execution, creating jobs and expanding opportunities for our people.” The largest project in the oil, gas and power sector is the Ondo Modular Refinery, requiring $15bn, while Strategic Deep Sea Ports leads the transport and maritime category at $11.5bn. In agriculture and agro-processing, the One Million Hectare Tree Crops project has the highest funding requirement at $6.14bn. New Port City, estimated to require $1.6bn, is the largest project in industry, manufacturing and mining, while the PELIA Flare-Gas AI Data Centre, requiring $355.6m, is the largest listed under technology, health and urban services. 17 of the 65 projects Overall, 17 of the 65 projects require more than $1bn, accounting for approximately $72.3bn, or more than 90 per cent of the total investment sought. From the check, our correspondent reports that on the portal, the projects feature different financing structures, including public-private partnerships, project finance, equity and debt, and climate finance. The portal also identifies sponsors, including federal agencies, state governments through the Nigeria Governors’ Forum, private-sector entities and the Nigeria Sovereign Investment Authority. Some project profiles also provide investment assessment metrics, including internal rate of return, multiple on invested capital, debt service coverage ratio, net present value and payback period. Six geographical zones Our correspondent also reports that the 65 projects are distributed across Nigeria’s six geopolitical zones, with seven in the North Central, five in the North East, seven in the North West, six in the South East, 17 in the South South and 11 in the South West. Four additional projects span multiple geopolitical zones, while the remaining eight are classified as nationwide, multi-state or unspecified in scope, including initiatives involving government agencies and parastatals, as well as private-sector firms. Here is the complete list of all projects listed under this sector on the platform: Oil, Gas and Power — 25 projects Ondo Modular Refinery (Ilaje, Ondo State) — US$15.00bn Ace 3 MTPA Floating LNG (Escravos, Delta State) — US$5.50bn NPK and Urea Import Substitution (Ondo, Akwa Ibom and Bayelsa states) — US$4.69bn IESL LNG Project (Akwa Ibom State) — US$3.00bn MIPL Ammonia and Phosphate Project (Ikot Abasi, Akwa Ibom State) — US$2.69bn Project Reliaxx (Crude evacuation and midstream, Rivers and Delta states) — US$1.70bn UTM Floating LNG (Warri South, Delta State) — US$1.50bn Edo Condensate Refinery (Ikpoba-Okha, Edo State) — US$345.0m Global Gas Cawthorne Channel Plant (Rivers State) — US$300.0m Make PUNCH part of your everyday experience. Add us to your Preferred Sources Quaint Power and Infrastructure (Plateau State) — US$300.0m MMELT Diebu Creek Gas Project (Bayelsa State) — US$271.4m Fradro Trunk A Gas Pipeline (Edo, Delta, Anambra and Enugu states) — US$224.1m First Metro 200 MW Power Plant (Lagos State) — US$218.8m Ebonyi 100 MW Gas Power Plant (Oferekpe, Ikwo, Ebonyi State) — US$153.0m Oyo Gas Distribution Network (Oyo State) — US$100.0m Valiant 500 TPD LNG Plant (Ore, Ondo State) — US$85.1m Ibom Power Company (Ikot Abasi, Akwa Ibom State) — US$71.0m VTT LNG (Gelegele Gbene, Edo State) — US$60.1m Elebele Power Plant (Ogbia, Bayelsa State) — US$58.0m Imo CNG Virtual Pipeline (Ngor-Okpala, Imo State) — US$50.0m NUPRC Upstream Renewable Power (Rivers, Bayelsa, Delta and Akwa Ibom states) — US$30.0m LNG Arete Mini-LNG (Ajaokuta, Kogi State) — US$27.3m Amari CNG Stations (Aba, Abia State) — US$19.8m Taraba Hydropower Project (Taraba State) — US$5.0m Sokoto 33 kV Feeder Rehabilitation (Sokoto State) — US$1.0m Related News PHOTOS: COAS arrives Borno after Tinubu orders clearance of terrorist camps Buhari wanted Osinbajo as president, ex-spokesman counters Babachir Lawal 2027: Support groups back Tinubu’s re-election, APC candidates in Kwara Transport and Maritime — 8 projects Strategic Deep Sea Ports (Badagry, Ibom, Ondo, Agge and Bakassi) — US$11.5bn National Inland Waterways — US$10.0bn Lagos Greenline Railway — US$1.29bn Anambra Intra-City Rail — US$1.40bn Traxport Lagos–Kano Rail Cargo — US$155.5m Calabar–Obudu Railway — US$300.0m Enugu Light Rail — US$350.0m Ogun Rail Extension — US$50.0m Industry, Manufacturing and Mining — 17 projects New Port City (Eleme, Rivers State) — US$1.60bn Katsina Green Economic Zone — US$1.00bn Zamfara Solid Minerals Pre-Export Finance — US$1.00bn PSML Integrated Steel Upgrade (Delta State) — US$1.255bn Harmony Glass (Ondo State) — US$240.6m Solarge 1 GW Solar Module Plant (Calabar) — US$54.6m Mbatiav Cement Factory (Benue State) — US$450.7m Aba Metallurgical Complex — US$23.0m Adamawa Free Trade Zone — US$6.5m Njimtilo Industrial Estate (Borno State) — US$11.1m Gombe Industrial Park — US$131.0m Gagarawa Industrial Park (Jigawa State) — US$6.5m China Africa Industrial Economic City (Kano State) — US$250.0m Kebbi Free Trade Zone — US$2.6m Ajaokuta Special Economic Zone — US$500.0m Yobe Cement Company — US$3.3m Pharmaceuticals Excipients — US$70.0m Agriculture and Agro-Processing — 6 projects One Million Hectare Tree Crops (Nationwide) — US$6.14bn Fish City Seafood Export Hub — US$3.0bn DEPA Programme (21 states) — US$480.0m Giri Agro-Processing Hub (FCT) — US$105.0m Promakar Sorghum Expansion (Ogun State) — US$7.5m Kaduna Green Economic and Agro-Industrial Zone — US$80.0m Technology, Health and Urban Services — 9 projects PELIA Flare-Gas AI Data Centre (Delta State) — US$355.6m Lagos Solid Waste Concession — US$82.8m Access Bank Affordable Housing — US$74.6m NUPRC Leak Detection Service — US$40.0m Ekiti Knowledge Zone — US$80.0m Kwara Innovation Hub — US$3.9m Lagos Smart Health Information Platform — US$2.8m Nasarawa Technology Hub — US$5.0m NUPRC Crude Fingerprinting Centre — US$20.0m Tosin Oyediran Tosin Oyediran is a journalist with Punch Newspapers, bringing over eight years of newsroom experience to his coverage of politics, health, advocacy, sports, and entertainment. Known for sharp interviews and human-centered reporting, his work focuses on public accountability, civic issues, and the stories shaping everyday lives. Kindly share this story: All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. Contact: theeditor@punchng.com

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Business News

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