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Canada Nigeria power sector deal

Nigeria’s Delta state has signed a foreign investments procurement agreement (FIPA) with Canada which could see the north American country invest US$5 billion to produce 3,000 MW of green power in Nigeria.

This agreement is intended to remove bottlenecks to further Canadian investments in Nigeria’s power sector. It has seen the Delta state government sign a memorandum of understanding (MOU) with a Canadian investor, Skypower Energy, to build and generate solar-powered electricity in the state.

Nigeria’s federal government will facilitate the provision of licenses to generate solar-based electricity for the national grid with about 1,000 MW being generated form plants located in Delta state.

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