FEC approved a $5.79bn contract to a CGGC/Sinohydro/CGCOC consortium for the 3,050 MW Mambilla project in November 2017. Sunrise Power (Leno Adesanya) commenced ICC arbitration claiming wrongful displacement. As of 2024 no civil works had commenced.
Buhari II2017Documented failure· $5.8bn FEC approval· Chapter I · Money
Mambilla Hydropower (3,050 MW)
First conceived 1972. Contract awarded 2017 to Chinese consortium. International arbitration with Sunrise Power (Kano) outstanding; project not commenced.
Sources
- · FEC Memorandum Nov 2017
- · ICC Arbitration ICC Case No. 24076/MK
What it cost — political & economic reality
The political and economic reality
Nigeria in 2017: who was in charge, the cabinet of the day, the GDP, and the crises that defined the period.
President · Fourth Republic
Muhammadu Buhari
2015–2023· APC
National reality
Two recessions (2016, 2020). Multiple naira devaluations. ASUU strike of 2022 closed federal universities for ~9 months. End SARS protests (Oct 2020); Lekki Toll Gate incident. Out-of-school children >18 million by 2022.
Crises of the period
- 2016 recession + FX crisis
- End SARS + Lekki Toll Gate (Oct 2020)
- COVID-19 lockdown (2020)
- 9-month ASUU strike (2022)
- Naira redesign chaos (Q1 2023)
GDP (World Bank)
$494 bn (2015) → $477 bn (2022)
Cabinet (selected portfolios)
- Finance
Kemi Adeosun (2015–18); Zainab Ahmed (2018–23)
- Justice (AGF)
Abubakar Malami (SAN)
- Education
Mallam Adamu Adamu (2015–23)
- Petroleum
Muhammadu Buhari (concurrent); Min. of State Ibe Kachikwu then Timipre Sylva
Source: Federal Gazette 2015–23; CBN; NBS
Methodology
Tier 1 · primary
Courts. Gazettes. National archives.
Tier 2 · corroborating
OCCRP. HRW. BudgIT. TheCable.
Redline
Wikipedia is never a source.