Nigeria has secured a $238 million loan from the Japan International Cooperation Agency (JICA) to support the expansion and modernization of the national power grid.
The deal, confirmed during engagements at the ninth Tokyo International Conference on African Development (TICAD9) in Yokohama, Japan, reflects a strategic shift towards implementation-driven energy development.
President Bola Tinubu highlighted that Nigeria’s participation at TICAD9 focused on concrete, outcome-oriented partnerships rather than ceremonial diplomacy.
“We are moving from planning to implementation, from agreements to delivery, and from promises to measurable results,” he said.
Details of the JICA Loan Project
The $238 million loan, supported by a Federal Executive Council counterpart funding of ₦19,083,192,805.30, will finance significant upgrades to Nigeria’s transmission infrastructure.
Key components of the project include:
Construction of 102.95 km of new 330kV double-circuit lines
Construction of 104.59 km of 132kV double-circuit lines
Development of four 330/132/33kV substations and two 132/33kV substations
Multiple line bay extensions to improve efficiency and reduce system losses
According to Minister of Power, Chief Adebayo Adelabu, the partnership with Japanese companies such as Toshiba, Hitachi, and Japan’s Transmission & Distribution Corporation is essential for unlocking Nigeria’s energy potential.
“Our focus is on transmission infrastructure, operational efficiency, and strategies to reduce system losses.
This $238 million loan from JICA provides the backbone for that transformation,” Adelabu explained.
Adelabu acknowledged Japan’s consistent support for Nigeria’s power sector, highlighting contributions in infrastructure, technical studies, training, and financing.
He emphasized that JICA’s backing is critical to expanding access to reliable, affordable, and sustainable electricity across the country.
The project aims to strengthen Nigeria’s power transmission network, improve system reliability, and enhance overall efficiency, ultimately supporting industrial growth and meeting rising electricity demand nationwide.
