Itu nuclear power plant
The Itu nuclear power plant is a twin-reactor nuclear power plant planned in Nigeria. The project foresees construction of two nuclear reactors supplied by Atomstroyexport. The plant would be located in Itu, Akwa Ibom State. It is part of efforts to find solution to the shortage of power supply in the country. According to World Bank, more than 40% of the country was without electricity in 2014. The Nigeria Atomic Energy Commission (NAEC) explained that the site had been selected for the construction of two nuclear reactors after due considerations. Preliminary licensing of the approved  site is expected by the end of 2016 from the Nigerian Nuclear Regulatory Authority (NNRA) which has started the process of developing the license. On 30 October 2017, Russia’s state-owned Rosatom and Nigeria have signed agreements for the construction and operation of the nuclear power plant. The plant would be co-financed by Rosatom, which will build, own, operate and transfer (BOT) it to the Nigerian government. The estimate cost is about $10 billion.