The Federal Executive Council (FEC) has greenlit over $34 million and ₦13 billion in funding to upgrade Nigeria’s electricity transmission infrastructure, marking a major push in the government’s power sector transformation plan.
Minister of Power, Adebayo Adelabu, announced the approvals after Wednesday’s FEC meeting presided over by President Bola Tinubu at the State House, Abuja.
According to Adelabu, ₦13 billion has been allocated for compensation payments to communities affected by the Lagos Industrial Transmission Project — a scheme funded through a $238 million loan from the Japan International Cooperation Agency (JICA).
The project, he said, will improve power supply reliability to industrial corridors in Lagos and Ogun States, enabling factories and manufacturers to operate without frequent outages. “This initiative will ensure dedicated, stable electricity for our industrial estates, driving job creation and economic growth,” Adelabu stated.
The remaining approvals involve the purchase of 14 high-capacity transformers to replace aging equipment in the national grid, many of which are over 50 years old. The upgrade package includes:
- Two 150 MVA 330/132/33 kV transformers
- Five 100 MVA 132/33 kV transformers
- Five 60 MVA 132/33 kV transformers
- Two 30 MVA 132/33 kV transformers
Adelabu stressed that replacing overloaded and failing transformers will ease grid bottlenecks, improve efficiency, and enable higher electricity wheeling capacity.
He reaffirmed the government’s commitment to stable power as a catalyst for industrialisation, economic competitiveness, and improved living standards.
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