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Press Release

$10B National Energy Fund unveiled under NEAP

A landmark $10 billion mobilisation commitment from bilateral & multilateral partners under the National Energy Fund.

President Bola Ahmed Tinubu has confirmed the mobilisation of $10 billion under the National Energy Fund (NEFUND), sourced from bilateral trade partners and multilateral financing institutions, to catalyse investments and unlock new energy opportunities for Nigerian households and businesses.

Through this initiative, the administration aims to create millions of jobs, power industries, and provide clean, reliable, and affordable energy to at least 50 million Nigerians within the next five years.

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