Nigeria secures $200 M loan from Japan to improve power transmission
Nigeria: Nigeria's Federal Government has disclosed plans to secure a $200 M loan from the Japan International Cooperation Agency (JICA).
Image source: Businessday NG
Nigeria: Nigeria’s Federal Government has disclosed plans to secure a $200 M loan from the Japan International Cooperation Agency (JICA).
The loan is to provide about 203 km high voltage transmission lines and six high voltage substations in selected communities in Ogun and Lagos states.
Aliyu Abubakar, Minister of Power, while receiving the JICA delegation in his office, said that the deal was aimed at promoting best practices particularly to infrastructural development in the electricity supply industry in Nigeria.
According to him, the transmission rehabilitation and expansion programme which will be carried out by the Transmission Company of Nigeria will provide the transmission lines and substations, which will affect 200 communities.
“The Federal Government of Nigeria through the Ministry of Power is to partner with the Japan International Cooperation Agency (JICA), on the implementation of transmission expansion programme aimed at expanding the power transmission network to support the rapidly expanding industries in Lagos and Ogun states,” he said.
Noting that transmission is a major stake of government which is targeted at raising operational capacity to an appreciable level particularly at areas where industries are rapidly expanding, Abubakar said that consultancy services for line route studies, environmental and social impact assessment, environmental social management plan for the proposed JICA transmission projects in Lagos and Ogun states has been completed.
Source: Businessday NG
#Japan International Cooperation Agency#loan#Nigeria#power transmission#Transmission Company of Nigeria