Wednesday, February 25, 2026
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us
MetroNews NG
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV
No Result
View All Result
MetroNews NG
No Result
View All Result

Nigeria Super Power Grid Project Backed by $18.2bn Loan, Says Minister

metronews by metronews
July 25, 2025
in Economy
0
nigeria super power grid

Nigeria super power grid project gets \$18.2bn approval to replace outdated infrastructure and boost supply, says Power Minister Adelabu at Eleyele substation launch

The Nigeria super power grid project has officially begun, following the Federal Government’s announcement of an \$18.2 billion loan to build a new national grid system.

Also read: Nigeria gets first commercial minigrid power project

Minister of Power, Chief Adebayo Adelabu, made the disclosure on Thursday during the commissioning of a 63MVA, 132/33kV mobile substation at the Eleyele Transmission Substation in Ibadan, Oyo State.

The project, executed under the Presidential Power Initiative (PPI) by FGN Power Company in partnership with Siemens Energy, aims to modernise Nigeria’s power infrastructure and resolve long-standing transmission bottlenecks.

“Just yesterday, at the National Assembly, we approved an \$18.2 billion loan to ensure that we install what we call a super grid,” Adelabu announced.

“It’s not just about fixing the old system. This is an alternative grid—a backup grid, a fallover grid.”

Nigeria currently operates a single national grid. The minister stressed that the **Nigeria super power grid** would ensure improved electricity stability by offering alternative power routes in the event of grid failures.

He assured Nigerians of the administration’s commitment to delivering on the project, which is expected to overhaul the dilapidated power infrastructure and stimulate economic growth.

The newly commissioned mobile substation at Eleyele increases transmission capacity by 50.4MW, benefiting residents and businesses in Eleyele, Apete, Ologun-Eru, The Polytechnic Ibadan, Sango, and Bodija.

FGN Power Company Managing Director, Mr Kenny Anuwe, described the substation as a state-of-the-art solution to longstanding power transmission issues.

Francis Agoha, CEO of IBEDC, represented by Folasade Sanya, hailed the development as a major step forward in the national power agenda.

Traditional ruler Oba Dauda Omotosho, Alawotan of Awotan, commended the government and appealed to IBEDC for the provision of prepaid meters and regular electricity for the project’s beneficiaries.

Also read: N33BN ELECTRICITY DEBT: TCN Cuts Power Supply To Ajaokuta, FG Begins Probe

The Nigeria super power grid is set to become the backbone of a more resilient and responsive power supply system nationwide.

Tags: \$18.2bn power loanadelabu power projectFeaturednational electricity upgradenigeria super power gridpresidential power initiative
Previous Post

PDP Leaders Caution Against Divisive Comments on Party Defections

Next Post

Non-State Schools in Nigeria Must Set Junior Secondary Entry Age at 12

Related Posts

OPINION: Who Is Afraid of Zacch Adedeji ? By Seun Oloketuyi
Business

OPINION: Who Is Afraid of Zacch Adedeji ? By Seun Oloketuyi

December 9, 2025
Senators Gbenga Daniel,Tokunbo Abiru Raise Alarm Over Lead Poisoning In Lagos,Ogun States
#SmartLagos

Senators Gbenga Daniel,Tokunbo Abiru Raise Alarm Over Lead Poisoning In Lagos,Ogun States

December 5, 2025
SANWO-OLU LAUNCHES €410M EU-FUNDED OMI-EKO PROJECT TO BOOST WATER TRANSPORT
#SmartLagos

SANWO-OLU LAUNCHES €410M EU-FUNDED OMI-EKO PROJECT TO BOOST WATER TRANSPORT

October 20, 2025
Next Post
Non-State Schools in Nigeria

Non-State Schools in Nigeria Must Set Junior Secondary Entry Age at 12

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • #SmartLagos
  • Accident
  • Aviation
  • Award
  • Banking
  • Basketball
  • Beauty
  • Boxing
  • Brands
  • Breaking
  • Business
  • Careers
  • Community development
  • Crime
  • Culture
  • Default
  • Domestic violence
  • Economy
  • Education
  • Empowerment
  • Entertainment
  • Environment
  • Event
  • Fashion
  • Featured
  • Finance
  • Football
  • Gaming
  • Gist
  • Golf
  • Health
  • Inspirational Patience
  • Interview
  • Investigative
  • Law
  • Lifestyle
  • local
  • MetroMan
  • MetroPerson
  • metroplus
  • MetroProfile
  • Movies
  • Music
  • MUSIC
  • New Music
  • News
  • nolly wood
  • Nollywood
  • Novels
  • Odawood
  • Oil&Gas
  • Opinion
  • Parenting
  • Photos
  • Politics
  • Press Release
  • Relationship
  • Religion
  • Scandal
  • Security
  • Sex
  • Society
  • Sports
  • Tech
  • Technology
  • Travel
  • TV
  • Videos
  • Weird
  • Wheels
  • World

BROWSE BY TOPICS

#COVID19Nigeria Adams Oshiomhole APC atiku Atiku Abubakar boko haram Bola Tinubu Buhari Bukola Saraki business CBN court COVID-19 crime davido ECOWAS Edo Election Edo State Election efcc Featured Federal Government FG INEC Kayode Fayemi Lagos Lagos State Muhammadu Buhari NCDC NDLEA news Nigeria Nigerian politics NLC Nollywood Obaseki ogun state PDP police politics President Buhari Sanwo Olu senate tinubu wike Yemi Osinbajo


Recent News

  • Okpebholo Slams Attack on ADC Members, Vows to Keep Edo Peaceful
  • Ray Emodi Quits Nollywood Over ‘Life-Threatening’ Set Experiences, Turns to Music
  • Adamawa Lawmakers Quit PDP Amid Party Crisis, More Defections Loom
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us

© Copyright MetroNews NG 2020. All rights reserved.

No Result
View All Result
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV

© Copyright MetroNews NG 2020. All rights reserved.