- FG and Quaint Energy signed an 8 MW hydropower concession for the Ikere Gorge and Omi-Kampe projects to expand clean, off-grid electricity in Oyo and Kogi States.
- The projects will provide clean power, boost local industries, and support economic growth.
The Federal Government of Nigeria signed a concession agreement with Quaint Energy to develop two hydropower projects totalling 8 megawatts (MW) in Oyo and Kogi States. The deal covers the 6 MW Ikere Gorge Hydropower Project in Oyo State and the 2 MW Omi-Kampe Hydropower Project in Kogi State.
Meanwhile, Power Minister Adebayo Adelabu stated that the signing marks a significant step in expanding access to clean energy and enhancing Nigeria’s electricity supply.
“This signing shows our commitment to attract private investment and unlock renewable energy potential in our states and communities,” Adelabu said. “We aim to deliver stable, affordable, and sustainable electricity that drives industrialisation, creates jobs, and promotes growth across Nigeria.”
He also said the projects will go beyond energy generation. They will support local industries, provide electricity to surrounding communities, and boost agricultural processing and social infrastructure.
“Once completed, the plants will help transform rural economies in Oyo and Kogi States,” Adelabu said.
In addition, the minister emphasised the government’s focus on private sector-led growth in the power sector. He said public–private partnerships will bring investment, technology, and innovation to improve energy security.
“The government’s role is to create the right policies, ensure consistency, and reduce risks for investors,” he said. “This partnership also shows how private and public sectors can work together for sustainable power.”
Furthermore, Adelabu praised Quaint Energy for committing to high standards of efficiency, safety, and environmental sustainability. He also thanked the Infrastructure Concession Regulatory Commission and other partners for their support of the process.
Quaint Energy Chairman Femi Adeyanju said the company will deliver the projects on time and to standard. “These projects will benefit local communities, the states, and all Nigerians,” Adeyanju said.
The 8 MW hydropower projects will diversify Nigeria’s energy mix and provide off-grid electricity. They are expected to create jobs, support small and medium-scale industries, and strengthen local economies in Oyo and Kogi States.