Nigeria Approves €155.9 Million Facility for Electricity Substation Upgrades

On 29 October 2026, the Federal Government disclosed a €155.9 million credit facility from Deutsche Bank and other lenders for upgrading 132/33kV substations under Phase One of the Presidential Power Initiative. The government said the project is intended to improve electricity reliability and reduce energy costs; the disclosed amount is a credit facility, not a statement that all project work has been completed. Power companies, engineering contractors and infrastructure operators can explore grid monitoring, asset-performance analytics and engineering simulations. HPC can support infrastructure modelling and data-intensive project planning; contact HPC for a quotation based on your technical requirements.