UPDATE: Japan Grants Nigeria $242m Loan To Improve Electricity

Date: 19-12-2022 8:37 pm (2 years ago) | Author: onuigbo felicia
- at 19-12-2022 08:37 PM (2 years ago)
(f)

Japan has granted a loan of JPY 26,180,000,000 (the equivalent of $242.4 million) to Nigeria to improve its electricity supply and promote economic stabilisation and development efforts.

 The loan meant for the “Lagos/Ogun Power Transmission System Improvement Project” has the Transmission Company of Nigeria (TCN) as the implementing partner.

The project is designed to enhance the transmission grid wheeling capacity of TCN and ensure steady electricity to industries.

The Japanese Ambassador to Nigeria, Kazuyoshi Matsunaga signed the Exchange of Notes (E/N) with the Minister of Finance, Budget and National Planning Zainab Ahmed to seal the deal on Monday.

Posted: at 19-12-2022 08:37 PM (2 years ago) | Addicted Hero
- lezeelee at 19-12-2022 09:27 PM (2 years ago)
(m)
what a super story
Posted: at 19-12-2022 09:27 PM (2 years ago) | Newbie
Reply
- gogoman at 19-12-2022 09:32 PM (2 years ago)
(m)
Lagos must be secure at all cost  Cool Cool Cool
Posted: at 19-12-2022 09:32 PM (2 years ago) | Grande Master
Reply
- kp45 at 19-12-2022 10:25 PM (2 years ago)
(m)
Laughing continues..
Posted: at 19-12-2022 10:25 PM (2 years ago) | Addicted Hero
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- Kidfreshfunmi at 19-12-2022 10:51 PM (2 years ago)
(m)
Great - more foreign loans. Our future will be paying this debt in perpetuity. Just unfortunate.
Posted: at 19-12-2022 10:51 PM (2 years ago) | Gistmaniac
Reply
- vicky987 at 19-12-2022 10:53 PM (2 years ago)
(m)
The money has been shared years ago. Old news
Posted: at 19-12-2022 10:53 PM (2 years ago) | Upcoming
Reply
- fineboy77 at 20-12-2022 08:17 AM (2 years ago)
Online (m)
 Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin
Posted: at 20-12-2022 08:17 AM (2 years ago) | Addicted Hero
Reply
- kacylee at 20-12-2022 10:19 AM (2 years ago)
(f)
thats going to some peoples pocket
Posted: at 20-12-2022 10:19 AM (2 years ago) | Addicted Hero
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