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Project: Thorium Reactor

Business Case

This project proposes the deployment of Thorium Reactor power stations across Nigeria, beginning with a pilot plant in Akwa Ibom State and expanding to one or two reactors in each of the 36 states. Thorium is favored for its safety, abundance, and efficiency over traditional uranium. The initiative aims to address Nigeria’s persistent energy deficit, drive economic growth, reduce carbon emissions, and position the country as a leader in nuclear innovation in Africa. Spanning 30 years with an estimated cost of $143.5 billion, the project includes feasibility studies, construction, national rollout, and optimization phases, delivering reliable, clean energy and nationwide development benefits.

1. Project Context

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Project Context
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2. Current Position and Gap to Target

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Current Position and Gap to Target
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3. Operating Opportunity

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Operating Opportunity
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4. Problem Being Solved

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Problem Being Solved
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5. Proposed Investment Logic

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Proposed Investment Logic
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6. Expected Benefits

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Expected Benefits
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7. Cost and Resource Needs

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Cost and Resource Needs
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8. Why Governance Support is Needed

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Why Governance Support is Needed
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9. Recommendation

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Recommendation
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