Welcome to the Power and Infrastructure Practice Q1 2021 Report.
It should come as no surprise that the two greatest impediments to economic development in Nigeria is the current state of its power and infrastructure sectors. In recent times, the Federal Government is attempting to address these challenges by increasingly encouraging private sector participation in a significant number of power and infrastructure development projects around the country.
Therefore, despite the fact that in 2020, Nigeria slipped into a recession (largely due to the COVID-19 pandemic) for the first time in four (4) years, 2021 began in a positive note with renewed optimism and eagerness to make up for lost time.
In this report, we highlight some of the recent Power & Infrastructure sector developments for the 1st quarter of year 2021