The oil, gas, and power sector leads the investment drive with 25 projects requiring $36.4 billion. The transport and maritime sector follows with eight projects needing $25 billion, while agriculture and agro-processing has six projects seeking $9.8 billion. The industry, manufacturing, and mining sector has 17 projects with a combined requirement of $6.6 billion. The remaining nine projects are in technology, health, and urban services, with an estimated capital need of about $700 million.
Notable large-scale projects include the Ondo Modular Refinery at $15 billion and Strategic Deep Sea Ports valued at $11.5 billion within the oil, gas, power, and transport sectors, respectively. In agriculture, the One Million Hectare Tree Crops project seeks $6.14 billion, while the New Port City in the industry sector requires $1.6 billion.
Seventeen of the 65 projects each require over $1 billion, collectively accounting for approximately $72.3 billion, representing over 90 percent of the total investment sought. The projects are structured with various financing models, including public-private partnerships, project finance, equity, debt, and climate finance.
Project sponsors include federal agencies, state governments, private sector entities, and the Nigeria Sovereign Investment Authority. The projects are distributed across Nigeria's six geopolitical zones, with a significant concentration in the South South and South West regions.
The administration has pledged to collaborate with investors to overcome obstacles and facilitate the execution of viable projects, with the goal of creating jobs and expanding opportunities for Nigerians.