Japan signs ¥2.24bn power supply reinforcement project

0

Mr Yukata Kikuta, Japan Ambassador to Nigeria
 The Ambassador of Japan, Mr. Yutaka Kikuta will attend the signing ceremony of exchange of notes for the emergency rehabilitation and reinforcement of Lagos transmission sub-stations Friday, November 23, 2018.
The Government of Japan has extended the aid of JPY 2.349billion (equivalent of $20.79 million) to the Government of the Federal Republic of Nigeria in order to contribute the stabilization of power supply in Nigeria.
In the event advisory emailed from Japan Embassy to Apex News, the project is for emergency rehabilitation and reinforcement of Lagos transmission substations.
It explained that the project is to rehabilitate and reinforce the substations in Apapa, Lagos, in order to decrease the transmission loss and stabilise power supply to approximately 223,000 people living in the area as well as local industries in the vicinity of Lagos port.
According to the statement, the “Structural Economic Transformation through Economic Diversification” is a guiding principle adopted at the Nairobi Declaration of Tokyo International Conference on African Development (TICAD VI), held in 2016.
The advisory said the people and the Government of Japan hope the project will enable more Nigerians to have improved access to power and thus will contribute to sustainable development and poverty reduction in Nigeria.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.