- Claim
- Nigeria's capital importation in Q1 2026 was US$10.37bn. Portfolio investment was 95.09 percent of it. Foreign direct investment was 1.30 percent.
- Source
- National Bureau of Statistics, Capital Importation, Q1 2026.
- Tier
- Tier 1. The statistician's own publication.
- Corroboration
- Consistent across independent reporting of the release.
- Conflict
- None recorded.
Build·Measure·Repeat
Infrastructure that proves the market. Intelligence built from doing it.
NURA makes Nigeria investable by supplying what foreign capital needs before it commits: power it can build on, counterparties it can verify, and opportunities it can price.
- Position
- 09.08° N 08.68° E
- Evidence records
- 87
- Parent sectors
- 15
- Precedent cases
- 14
- First site
- 5 MW
- Last fix
- Sep 2026
01/The condition
Capital prices the uncertainty, not the asset.
Evidence on Nigerian markets has rarely been assembled, verified or made comparable, and there is no fixed line to measure one transaction against another. Capital responds the way it always does. It arrives short, and it leaves early.
US$10.37bn
Capital imported, Q1 2026
95.09%
Arrived as portfolio investment
1.30%
Arrived as foreign direct investment
Source: National Bureau of Statistics. Tier 1.
02/Vision
Stable power is the first infrastructure. Everything else waits on it.
Creditworthy demand on Nigeria's national grid makes reinforcement financeable, and a stronger grid carries the industries that follow. Nigeria first, as the proving point. Then Africa, country by country, each horizon earned by proving the last.
01
The constraint
Decades of underinvestment, aging networks and unreliable revenue have left Nigeria's power sector needing more than $100 billion to deliver reliable supply.
02
The anchor
A data center tenant is among the most creditworthy, round-the-clock loads in the market.
03
The choice
Put that load on the national grid, not behind a fence, and it becomes a reason to reinforce the grid.
04
The unlock
A stronger grid carries the industries that were waiting on power.
05
The template
Each country proven becomes the method, and the evidence, for the next.
Investment figure: Federal Ministry of Power, press conference, Abuja, 25 March 2026.
03/The flywheel
Every project makes the next one easier to see.
Three companies, one mechanism. Building produces the evidence that is hardest to obtain in Nigeria, verification makes it something a foreign investor can rely on, and intelligence directs capital to the next project. Scroll to turn it.
01/NURA Infrastructure
Build
Develop grid-connected data centers at a size Nigeria's grid carries today, with power from North South Power. The first is a 5 MW site on the connected grid, delivered in one of four ways.
02/Project and credit data
Capture
Every project produces data that is almost never disclosed in Nigeria: what interconnection actually costs, how long each approval actually takes, what the build cost. It is joined by licensed credit data from our data partner.
03/NURA Verification
Verify
NURA Verification turns that data into something a foreign investor can rely on when assessing a Nigerian counterparty.
04/NURA Intelligence
Originate
Intelligence directs capital toward verified businesses and projects. What each deal produces flows back, the next site starts larger than the last, and the wheel turns again.
Shared infrastructure, separate judgments
The data and the systems compound across the group. The decisions do not. NURA Intelligence is never paid by a company it covers, NURA Verification never verifies a related party, and projects the group holds an interest in feed the benchmarks but are never self-rated.
04/Infrastructure
Sized to the grid that exists.
Generation has never been Nigeria's only challenge. Larger projects can connect, but only with transmission upgrades built for their load, which take capital and time. NURA starts inside what the system carries today.
~4,500 MW
Order-of-magnitude figure
National grid
~4,500 MW
Nigeria's grid delivers on the order of four to five gigawatts to more than two hundred million people. Every new project either fits within the capacity available at its connection point or brings the upgrades it needs.
Large campus proposal
60 to 100 MW
Campuses at this scale can be built, but each needs transmission work designed for its load, such as new lines, substation capacity and interconnection, planned and paid for with the project. That adds significant capital and can add years to the schedule.
NURA first site
5 MW
Five megawatts on an already-connected site uses capacity the system carries today, with no new transmission works. It can proceed now, be measured and be repeated, and later sites grow larger as they fund their own connections and the grid is reinforced.
Areas drawn to scale
05/In development
The first project.
Capacity
5 MW
Connection
National grid
Power
Committed
Generator
North South Power
Site
Search area defined
Status
Seeking anchor tenant
North South Power has committed 5 MW from its 600 MW Shiroro hydroelectric concession, contingent on a signed anchor tenant, so the tenant is the single unlock. The search area is defined on the connected grid, within the Eko distribution franchise in Lagos and Ogun.
The site is delivered in one of four ways, chosen with the anchor customer, on one documented specification, so the second site is a procurement exercise rather than a new project.
Option A
Powered site
The operator builds and runs
Option B
Built to suit
The customer leases and runs its IT
Option C
NURA-operated
Space by rack, cage or suite
Option D
Cloud and data services
Capacity as a service
06/Verification
Know who you are dealing with.
NURA Verification is being built to help foreign investors and firms rely on what a Nigerian counterparty says about itself. It is in development with FirstCentral Credit Bureau, licensed by the Central Bank of Nigeria, as data partner.
07/The evidence standard
Every record carries its source, its tier and its conflicts.
The method is open. The findings are not. Two records built from public information, side by side, so the standard is visible before anyone asks what it has found.
- Claim
- Nigeria's population.
- Source
- National Population Commission; United Nations Population Fund.
- Tier
- Tier 3. Every current figure is a projection from the 2006 census.
- Corroboration
- None possible. The census planned for 2023 was postponed and had not been held by mid-2026.
- Conflict
- Printed. In 2019 the Commission put the population at 198 million while the UN Population Fund put it at 201 million, a gap the Commission attributed to assumptions. Every per-capita figure inherits it.
08/The admission standard
Five questions, answered on the page.
No opportunity is admitted on a theme. Each is put to the same five questions and the answers are printed with it. Here is what the test does in each of its three outcomes. A test that every entry passes is not a test.
| Question | Answers all five | One answer is weak | Question 5 not yet answerable |
|---|---|---|---|
| 01Who pays, and from what budget? | Answered | Answered | Answered |
| 02How large is the transaction? | Answered | Answered | Answered |
| 03Why can the buyer not do this themselves? | Answered | Answered | Answered |
| 04What stops the second entrant from competing the return away? | Answered | Weak, stated | Answered |
| 05Who buys it from them in year 7? | Answered | Answered | Not yet |
| Verdict | Admitted and ranked Ranked by conviction. Every answer printed with the entry. | Admitted, weakness stated The weak answer is labeled on the page, not rounded up. | Held at monitoring grade An honest test must be allowed to say not yet. |
Illustrative outcomes. Findings are not published.
09/The team
Power, execution, systems and the build.
One team for every layer of the first project, from the power agreement to the AI workload. Two members of the team have already designed, built and run a 1 to 2 MW computing facility together.
Founders
Christian Harrison
Founder and Chief Executive Officer
Nigerian execution
Read more +Close –
A dual United States and Nigerian citizen, trained in finance and real estate at the University of Georgia. He began as a credit analyst at the Atlanta headquarters of Ameris Bank, underwriting and pricing risk in construction lending. In Nigeria he has worked across the power sector, on the generation side at a hydroelectric generation company and on the distribution side at Transgrid Enerco. He is based in Abuja.
Emerson Harrison
Co-Founder
Power sector and federal contracting
Read more +Close –
More than seven years at North South Power, holder of the 600 MW Shiroro hydroelectric concession, and co-founder, with Christian Harrison, of Anthem International, a United States government contracting company. He brings generation experience to the power agreement and supply route, and federal procurement experience to the U.S. programs that fund and finance the work.
Paul Dawson
Co-Founder and Chief Technology Officer
Systems and build
Read more +Close –
A graduate of the Massachusetts Institute of Technology, with graduate work in computer science at the University of Pennsylvania. For more than a decade he has architected production systems in cloud, distributed computing, data and artificial intelligence for federal agencies, Fortune 100 companies and global brands, among them the Centers for Disease Control and Prevention, Microsoft, Colgate-Palmolive and Warner Media. He designed, built and operated a 1 to 2 MW high-density computing facility in Columbus, Georgia, converted from an industrial warehouse, working directly with the local utility on service and interconnection, and has sourced equipment directly across the global supply chain.
Partnerships and construction
Olufunsho Peters
Director, Strategic Partnerships
Partnerships and transactions
Read more +Close –
Olufunsho brings corporate finance and corporate development experience from Transgrid Enerco, where he serves as an Analyst, and international business development experience as Executive Vice Chairman of Green Lock FC, where he has led partnerships and transactions across Europe and other global markets. A graduate of St. Bonaventure University in Business Management and a former NCAA Division I athlete, he focuses on building partnerships and scaling businesses across international markets.
Jimmy Minor
Master Electrician
Construction and electrical
Read more +Close –
Master Electrician and principal of Minor's Electric II, a family-owned licensed electrical contractor serving metropolitan Atlanta since 1978. He led the electrical configuration and build-out of the Columbus, Georgia computing facility, turning an industrial shell into an operating compute installation.
10/Three ways in
Start with the site, the counterparty or the market.
For partners and tenantsNURA InfrastructureGrid-connected data centers, built at a size Nigeria's grid carries today. First site: 5 MW, with power committed by North South Power.Request the infrastructure packet For U.S. firms and lendersNURA VerificationVerified Nigerian counterparties for foreign investors and firms. In development with FirstCentral Credit Bureau.Register interest For investorsNURA IntelligenceAn evidence base on Nigerian markets, built to an institutional standard and fed by every project and every verified record.Request a market briefing