Press Releases

Scene from the meeting with Nigeria’s Minister of Finance, Budget and National Planning, Ambassador of Embassy of Japan in Nigeria and Chief Representative of JICA Nigeria Office

On December 15, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Federal Republic of Nigeria in Abuja to provide a Japanese ODA loan of up to 26,180 million yen for the Lagos and Ogun Power Transmission System Improvement Project.

This project aims to enhance the transmission wheeling capability and the stability of the electric power supply of Nigeria by installing transmission lines and building new substation facilities—as well as improving existing facilities—within Lagos State and Ogun State, which form the industrial hub of the country. By doing so, it will contribute to the economic and social development of Nigeria. This project will also contribute to the achievement of SDGs (Sustainable Development Goals) Goal 7 (Affordable and clean energy).

1. Terms and Amount of Loan

Project title	Amount (million yen)	Annual interest rate (%)		Repayment period (years)	Grace period (years)	Procurement
		Project	Consulting services
Lagos and Ogun Power Transmission System Improvement Project	26,180	1.15	0.01	30	10	General untied

2. Executing Agency
Transmission Company of Nigeria
Address:Plot 1226, Aminu Kano Crescent, Abuja, Nigeria
TEL:+234-803-589-0382

3. Planned Implementation Schedule
(1)Completion of project: December 2027 – when the facilities are put into service
(2)Issuing of letters of invitation for consulting services (including detailed design work): April 15th, 2022 (completed)
(3)Release date of Tender announcement of initial procurement package for international competitive bidding on project construction: May 2023 (tentative)

• Ex-Ante Evaluation