FG Secures $238M JICA Loan to Bolster Nigeria’s Power Grid at TICAD9
[NigerianEye - Nigeria] - 23/08/2025
The Federal Government of Nigeria has secured a $238 million loan from the Japan International Cooperation Agency (JICA) to enhance the country’s national power grid, following strategic discussions at the Ninth Tokyo International Conference on African Development (TICAD9) in Yokohama, Japan, on August 22, 2025. The agreement was finalized through high-level engagements led by President Bola Ahmed Tinubu and Minister of Power, Chief Adebayo Adelabu.The loan, supported by a Federal Executive Council (FEC) counterpart funding of ₦19.08 billion, will finance critical infrastructure projects, (…)
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