Business A.M
No Result
View All Result
Friday, February 13, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Energy

ECOWAS agency moves to develop Nigeria’s power grid

by Admin
January 21, 2026
in Energy, Frontpage

By Innocent Obasi

The West African Power Pool (WAPP), a special agency of ECOWAS, has said it will enhance  the reliability of the Nigerian power grid with a 330KV transmission line from Nigeria to Benin to promote economic development.

The project primarily consists in the construction and operation of about 130 kilometres of 330 kV DC interconnection line between Nigeria and Benin with a right-of-way of 50 metres.

This disclosure was made by the agency during a stakeholders’ forum held in Abeokuta aimed to sensitise the public on the project by ensuring that the relevant key players such as the stakeholders and the local populace especially are abreast of the information.

Mamoud Abubakar, the coordinator of WAPP activities in Nigeria, said it was important to inform the populace of the status of the project to enable acceptance and support while discussing the mitigations and compensation measures for the affected communities during the course of the project.

ECOWAS agency moves to develop Nigeria’s power grid

Abubakar disclosed that WAPP is made up of public and private generation, transmission, and distribution companies involved in the operation of electricity in West Africa.

He said the 330 kV DC Nigeria-Benin Interconnection Reinforcement Project is part of this large regional network integration process.

He disclosed that the project is under the auspices of the WAPP in collaboration with the Transmission Company of Nigeria (TCN), and the Communauté Electrique du Bénin. He also added that the new line comprises two sections: Ajegunle in Ado-Odo/Ota LGA- Onigbolo in Benin which is 78.7kilometres; and Onigbolo – Sakété (Benin)  which is 51.4 kilometres.

”It is anticipated that the project will supply electricity to communities between 500 to 2,500 inhabitants) within a 5-km radius from the proposed line,” the coordinator said.

He noted that the project would be beneficial to the country and the local populace in terms of generating training opportunities for the local labour during construction, increasing tax revenue collection by the government to the stimulation of the local economy, creating temporary jobs during construction, increasing the capacity, efficiency and reliability of the electric grid, and  curbing power failures.

Furthermore, the coordinator said that the ECOWAS-sponsored programme which would be counter-funded by the Federal Ministry of Power has put in place compensation measures for individuals that would be affected by the project.

He said that the African Development Bank (AfDB) would be rendering assets as compensation for individuals who are economically or physically affected by the project.

“The Resettlement Action Plan presents the stakeholders’ eligibility to the compensation aspect and resettlement program details for the local community and PAP.

The compensation costs are calculated on the basis of the area involved, the use and the main building material; Crop lands, crops cultivated and economic trees,” he confirmed.

Previous Post

Wema Bank advocates more support for fintech industry

Next Post

Basel Committee endorses 2% exposure limit to mitigate crypto asset risk

Next Post

Basel Committee endorses 2% exposure limit to mitigate crypto asset risk

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026
inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

February 10, 2026

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Lagos Energy Summit 2026 to mobilise private capital into power sector

Lagos Energy Summit 2026 to mobilise private capital into power sector

February 13, 2026
Who Gets Replaced by AI and Why?

Who Gets Replaced by AI and Why?

February 13, 2026
Why AI Disclosure Matters at Every Level

Why AI Disclosure Matters at Every Level

February 13, 2026
The Female CEO Problem: Solutions

The Female CEO Problem: Solutions

February 13, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    0 shares
    Share 0 Tweet 0
  • inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • Egbin Power targets youth employability with tech skills initiative

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Lagos Energy Summit 2026 to mobilise private capital into power sector

Lagos Energy Summit 2026 to mobilise private capital into power sector

February 13, 2026
Who Gets Replaced by AI and Why?

Who Gets Replaced by AI and Why?

February 13, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M