Federal Government Agains Borrrows $200Million For Power Transmission

The Federal government has disclosed plans to secure a $200million loan from the Japan International Cooperation Agency (JICA), to provide about 203KM high voltage transmission lines and six high voltage substations in selected communities in Ogun and Lagos States.

Abubakar Aliyu, Minister of Power, while receiving the JICA delegation in his office, said that the deal was aimed at promoting best practices particularly to infrastructural development in the electricity supply industry in Nigeria.

According to him, the transmission rehabilitation and expansion programme which will be carried out by the Transmission Company of Nigeria will provide about 203KM high voltage transmission lines and 6 high voltage substations which cover 5 LGAs in Ogun State and 1 LGAs in Lagos State with appropriately 200 communities affected.