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Nigeria is in advanced talks with China’s EximBank for a USD 2 billion loan to fund a new “super grid” transmission network aimed at stabilizing the country’s electricity supply. Minister of Power, Adebayo Adelabu, announced the project at an economic summit in Abuja, describing it as critical to decentralizing power generation and restoring industrial confidence.
The grid will link Nigeria’s eastern and western industrial hubs, addressing decades of poor transmission, frequent blackouts, and the exodus of major users from the unreliable national grid. Despite having 13GW of installed generation capacity, Nigeria delivers less than 4GW to over 200 million people.
The new grid is part of President Bola Tinubu’s broader economic reforms targeting infrastructure, energy, and investment. The government has already secured $1.1B from the AfDB, $70M from IFC for mini-grids, and $328.8M from China’s CMEC to bolster electricity access.
Adelabu noted recent tariff reforms have boosted industry revenues by 70% in 2024, enhancing sector viability. Talks with EximBank are reportedly “progressing positively,” with the project’s financing framework already approved.
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Beyond stabilizing domestic supply, the super grid is expected to integrate Nigeria into regional energy trade via the West African Power Pool (WAPP), positioning the country as a regional energy hub.
