Nigeria Secures $238 Million Deal at TICAD9

At the Tokyo International Conference on African Development (TICAD9), Nigeria secured a significant $238 million deal with Japan’s International Cooperation Agency (JICA).

This agreement is set to bolster Nigeria’s national power grid, enhancing electricity access and reliability for millions of Nigerians.

The deal was formalised during a bilateral meeting between Nigeria’s Minister of Power, Adebayo Adelabu, and JICA officials. The partnership aims to address critical infrastructure deficits and support Nigeria’s energy transition goals.

The focus will be on modernising transmission systems and expanding renewable energy capacity, aligning with Nigeria’s commitment to sustainable development and industrialisation.

This collaboration underscores the growing economic ties between Nigeria and Japan, emphasising innovation and private investment as key drivers for Africa’s development. The $238 million deal is a testament to the potential of international partnerships in achieving shared goals of growth and resilience.

As Nigeria continues to engage with global partners, initiatives like this pave the way for a more robust and sustainable energy future, benefiting both the nation and its citizens.