FG Seeks 2 Billion Loan from China for Power Grid Project!

Reported by Marian Opeyemi Fasesan | Sele Media Africa

The Federal Government of Nigeria is in advanced discussions with China’s Export-Import Bank for a2 billion loan to finance the construction of a new electricity “super grid” aimed at resolving the country’s chronic power supply problems.

Project Goals:

• The proposed super grid is intended to boost power transmission capacity, integrate renewable energy, and reduce nationwide blackouts.
• The grid will span thousands of kilometers, with state-of-the-art infrastructure linking generation stations to urban and rural distribution networks.
• The Ministry of Power says the grid will also enhance regional power trade under the West African Power Pool framework.

What the FG Says:

• Minister of Power, Adebayo Adelabu, said the loan talks are progressing positively, and the government is optimistic about financial closure before mid-2026.
• He emphasized that reliable electricity is crucial for industrialization, digital growth, and national security.

Why It Matters:

• Nigeria currently generates around 4,000–5,000 MW for over 200 million people—far below demand.
• The outdated national grid is prone to frequent collapse, with over 140 recorded since 2010.
• A functional super grid could attract investors, create jobs, and significantly improve quality of life.

Citation:

1. Business day: www.businessday.ng/news/article/nigeria-in-talks-with-china-exim-bank-for-2bn-power-grid-loan/?utm_source=chatgpt.com

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