Nigeri’sa TCN receives USD1.6 billion from international donors in over last 2 years

The Transmission Company of Nigeria (TCN) has received $1.6 billion from various international donors for financing critical transmission and distribution (T&D) projects in the past two years. These are the Abuja Transmission Ring Scheme, the Nigeria Electricity Transmission Access Project (NETAP), the Lagos/Ogun Transmission Project, the Northern Corridor Transmission Project and the Nigeria Transmission Expansion Project. AFD is financing the Abuja Transmission Ring Scheme, valued at $170 million. The World Bank is funding NETAP, valued at $486 million. The Japanese International Cooperation Agency (JICA) is funding the $200 million Lagos/Ogun Transmission Project. It has been completely scoped and designed, and some major components are already complete despite delays due to compensation issues. The Northern Corridor Transmission Project is jointly funded by AFD and the European Union (EU), which will provide $245 million and Euro 25 million respectively. Meanwhile, the $410 million Nigeria Transmission Expansion Project will be financed by the African Development Bank (AfDB).

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