FG Nigeria completes N2.17bn electricity supply agreement with Japan

Nigeria is making head way as it has been involved in many initiatives aimed at improving power supply in the country

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Federal Executive Council meeting in Abuja

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The Federal Government confirmed an agreement of $11m (N2.17bn) with the Japanese Government for an emergency improvement of electricity supply facilities in Abuja.

The initiative is to be facilitated by Japanese International Cooperation Agency and the Ministry of Power.

This is expected to reduce the transmission loss and assist in stabilising power supply to approximately 7,000 households within the Federal Capital Territory.

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The Minister of Budget and National Planning, Senator Udo Udoma, and the Ambassador of Japan to Nigeria, Sadanobu Kusaoke, were the representatives involved, both signing on behalf of their countries.

Udoma said, “The sustained implementation of this project is expected to pave way for a significant access to quality socio-economic services, thereby leading to reduction in unemployment in the country and promoting community empowerment.

“The Federal Government remains committed to working closely with various stakeholders in the economy to achieve sustainable economic development. This ministry will ensure that we create an enabling environment required for the sustainability of this partnership.”

Speaking concerning the deal, Kusaoke said, “The power sector is a key to improve the quality of life for people and also to promote industry. Power supply is one of the determinant factors when both domestic and foreign investors decide whether or not to invest in a county.

Nigeria is making head way as it has been involved in many initiatives aimed at improving power supply in the country.

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