Nigeria is negotiating a $2 billion mortgage with the Export-Import Bank of China to fund the development of a brand new nationwide “super grid” aimed toward ending continual energy shortages and spurring industrial progress.
Minister of Power, Adebayo Adelabu, disclosed this on Monday, October 6, 2025, in Abuja, explaining that the federal authorities is looking for China’s {financial} backing to modernise and develop the nation’s electrical energy transmission community.
According to Adelabu, the proposed tremendous grid mission has acquired Federal Executive Council approval and shall be applied in partnership with the Transmission Company of Nigeria (TCN).
The new infrastructure is predicted to hyperlink Nigeria’s jap and western industrial corridors, enhancing energy provide reliability and supporting heavy industries which have struggled with frequent outages.
“The super grid will be a game changer for our power sector,” Adelabu acknowledged, noting that the mission will encourage industrial customers who beforehand disconnected from the nationwide grid attributable to poor reliability to reconnect as soon as stability improves.
Reports point out that the mortgage discussions type a part of the federal government’s wider reform plan to overtake the transmission community and appeal to non-public funding into energy technology and distribution.
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The initiative additionally aligns with President Bola Tinubu’s agenda to drive industrial growth by way of dependable power entry.
However, analysts have cautioned that Nigeria’s rising debt publicity to China, which already funds main infrastructure initiatives together with railways and roads, might increase sustainability considerations if not rigorously managed.
If accredited, the mortgage would mark one of many largest single energy infrastructure investments in Nigeria’s historical past, with implementation anticipated to start in 2026 following last financing agreements and technical design approvals.
