Fg Secures 238m Loan From Japan To Boost National Power Grid

The Federal Government has secured a 238 million loan facility from the Japan International Cooperation Agency JICA to strengthen Nigeria's national power grid.

The deal was finalized during high-level engagements at the Ninth Tokyo International Conference on African Development TICAD 9 in Yokohama, Japan. President Bola Ahmed Tinubu and the Minister of Power, who both led Nigeria's delegation to the summit, facilitated the agreement.

According to government sources, the loan is aimed at addressing critical infrastructure gaps in the power sector, improving electricity transmission capacity, and enhancing overall grid stability across the country.