FG Partners Japan Over N2.17bn Electricity Supply Facilities
The Federal Government yesterday sealed a pact of $11m (N2.17bn) with the Japanese Government for an emergency improvement of electricity supply facilities in Abuja.
The project to be implemented by the Japanese International Cooperation Agency and the Ministry of Power is aimed at procuring and installing power capacitor banks at the existing two sub-stations in Abuja and neighboring Nasarawa state.
This, according to the agreement, would decrease the transmission loss and assist in stabilizing power supply to approximately 7,000 households within the Federal Capital Territory.
The Minister of Budget and National Planning, Senator Udo Udoma, signed the pact on behalf of the Federal Government while the Ambassador of Japan to Nigeria Sadanobu Kusaoke, signed on behalf of his country.
Speaking at the event, Udoma said the pact marks the process for effective implementation of the electricity supply facilities grant project by the Japanese government.
He noted that the project has been designed to support Nigeria in promoting social-economic and infrastructural development.