Abuja — The Japanese government, yesterday, gave a grant of $11.1 million to the Federal Government to prevent voltage drop, reduce power loss and stabilize power supply in the country.
The grant is for emergency improvement of electricity supply facilities in the Federal Capital Territory, Abuja, and Nasarawa State substations.
Signing the grants agreement in Abuja, Minister of Budget and National Planning, Senator Udoma Udo Udoma, said the support was in tandem with the aspiration of the current administration’s Change Agenda and its quest for ensuring the delivery of democracy dividends to the citizenry.
The minister maintained that the current Electricity Supply Facilities Project by the Japanese government was intended to, among other things, complement the country’s efforts in guaranteeing steady power supply for economic growth.
He said: “This signing ceremony marks the process for the effective implementation of the electricity supply facilities grant project by the Japanese government to Nigeria through the Japan International Cooperation Agency, JICA, in Nigeria.
“I am reliably informed that the project, which cost is put at 1.317 billion Japanese Yen, had been designed to support Nigeria in promoting socio economic and infrastructure development.
“In particular, the project aims to install capacitor banks in Apo and Keffi substations in FCT and Nasarawa State respectively and will contribute to stable power supply, decrease transmission loss and improve systems reliability.’’
The Ambassador of Japan to Nigeria, Mr. Sadanobu Kusaoke, who also spoke at the signing ceremony of the grant, said by upgrading two substations in FCT and Nasarawa State, “we aim to prevent voltage drop, reduce power loss and stabilize power supply to approximately 7,000 households in Abuja and Nasarawa State.”
He said: “The project before us embodies this spirit looking towards TICAD VI, which would be held in August.
‘’We would like to review our commitment to help promote Nigeria’s power sector, with this project marking first new step.”