More

    Nigerian Govt Eyes $238m JICA Loan to Boost National Grid Expansion

    The Nigerian Government is in advanced talks with the Japan International Cooperation Agency (JICA) for a $238 million loan facility aimed at expanding Nigeria’s national electricity grid. 

    The funding, which builds on a ₦19 billion counterpart provision recently approved by the Federal Executive Council (FEC), will focus on strengthening transmission infrastructure and reducing system losses, Channels Tv reports.

    The deal was discussed during the Ninth Tokyo International Conference on African Development (TICAD 9) in Yokohama, Japan, where President Bola Tinubu led Nigeria’s delegation, alongside the Minister of Power, Adebayo Adelabu. 

    Meetings were also held with Japanese energy firms including Toshiba, Hitachi, and Japan’s Transmission & Distribution Corporation, with discussions centering on efficiency improvements and modern grid technology.

    According to the Ministry of Power, the proposed loan will finance the construction of 102.95km of new 330kV double-circuit lines, 104.59km of 132kV double-circuit lines, four 330/132/33kV substations, two 132/33kV substations, as well as multiple line bay extensions. 

    Read Also: Nigeria Produced 1.37tcf of Gas in First Half of 2025 – NUPRC

    In parallel, Adelabu revealed that Nigeria is also pursuing a $190 million renewable energy loan from JICA to expand solar mini-grids and standalone systems in underserved communities, complementing the World Bank-backed $750 million DARES programme, which targets 17 million Nigerians.

    Beyond new projects, JICA-funded infrastructure is already nearing completion, including three substations in Apo (FCT), Keffi (Nasarawa), and Apapa (Lagos), supported through a $32 million grant. 

    These will boost power supply to households, industrial clusters, and strategic hubs such as the Lagos Port. JICA has also supported the National Power Training Institute of Nigeria (NAPTIN) with modern training equipment to build technical capacity among distribution engineers.

    Read Also: East Africa Breaks Ground on $2.15 Billion Cross-Border Railway

    Adelabu acknowledged that only about 60% of Nigeria’s 200 million people currently have electricity access—much of it unreliable. 

    He stressed that the government is working on a dual strategy: expanding grid connections in urban centres while accelerating off-grid solar solutions in rural communities.

    President Tinubu, speaking at TICAD 9, underscored that Nigeria’s partnerships with Japan go beyond ceremonial agreements. 

    “We are deliberately moving from promises to measurable results,” he said, framing the initiative as part of Nigeria’s broader energy transition and industrialisation agenda.

    Image Credit: News Digest

    Sign up for our free Daily newsletter

    We'll be in your inbox every morning Monday-Saturday with top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur.

    Related Posts

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest

    Zulu Dancing, More Than Just Performance

    In the rolling hills and savannahs of KwaZulu-Natal, South Africa, Zulu dance is more than movement—it is a language, a history, and a living...

    Mastering SEO: Proven Strategies to Boost Your Brand’s Online Visibility and Drive Growth

    Building a strong online presence is essential for brands aiming for growth and customer loyalty, especially in today’s fast-paced digital world, where competition is...

    The Lost City of Great Zimbabwe

    Rising from the southeastern highlands of present-day Zimbabwe, the stone walls of Great Zimbabwe tell a story that Africa was once denied the...

    The Significance of Drums in African Communication

    Long before satellites, smartphones or written dispatches, African communities mastered a technology that could carry meaning across miles: the drum.  More than a musical instrument,...

    Top Tips to Keep Your Upholstery Looking Its Best

    Owning beautiful furniture is one thing—keeping it spotless is another. From everyday dust to unexpected pet mishaps, your sofa silently collects wear and tear....