Abuja seeks $1.5 billion in green investment
By the AFREEQUE newsroom, based on ThisDay
Illustrative image · Blessing Niniola · Pexels · Licence PexelsNigeria's Federal Capital Territory Administration is seeking about $1.5 billion in green investment to develop electric transport and energy infrastructure in Abuja. The project by Magnifique Integrated Concept Limited is the main proposal received, unveiled on 5 November 2026 at a meeting on sustainable infrastructure, according to This Day.
The Federal Capital Territory Administration (FCTA) of Nigeria is seeking to attract about $1.5 billion in green investment to develop the energy and transport sectors in Abuja. The main proposal, worth about $1.5 billion, was submitted by Magnifique Integrated Concept Limited and its partners to set up an electric mobility system and the associated energy infrastructure, according to ThisDay.
The project notably provides for electric public transport fleets, less polluting vehicle technologies, charging infrastructure, energy systems and digital transport services. A second proposal, presented by Hallmark Technologies and General Services Limited, concerns turning municipal waste into economic resources, including materials recovery and the production of biocompost for the federal capital's farming communities, according to ThisDay.
The two proposals were presented on Thursday 5 November at an FCTA round table on investment in green infrastructure and electric mobility, held after the federal capital territory's participation in COP30 and its climate finance goals.
