FG Signs €25 million Contract With French Gov’t, EU, To Improve Electricity In Northern States

September 15, 2022
One Hundred Days After Buhari
Muhammadu Buhari

The French Development Agency (AFD) and the Federal Government have signed a €25 million agreement to upgrade electricity in the north-western part of the country.

According to the Minister of state for budget and national planning, Clem Agba, the agreement was sealed with AFD and European Union, on Wednesday, to fund the Northern Corridor Project. 

Join our WhatsApp Channel

Agba said the €25 million deal is on the back of the National Development Plan 2021 to 2025. Northern states expected to benefit from the electricity development plan include Niger, Kebbi, Sokoto, Kaduna, Kano, Jigawa, Bauchi and Nasarawa. 

The agreement will result in the development of 800 km of 330 kV double circuit transmission lines. It was also gathered that the capital disbursed into the project will lead to the building or upgrade of 13 sub-stations. 

“I want to thank the EU and AFD and the French government for this intervention in Nigeria’s power sector, especially as it has to do with transmission lines and substations.” He said. 

The minister explained that, “Power is very essential, and what we are signing today (Wednesday) demonstrates this. This project will help TCN to operationalise its ‘Transmission Expansion Plan’, through the construction of additional transmission lines and substations across nine states in the northern part of the country — Niger, Kebbi, Sokoto, Kaduna, Kano, Jigawa, Bauchi and Nasarawa.” 

Head of Unit/Head of Cooperation, European Union Delegation to Nigeria, Cecile Tassin-Pelzer, said the EU and the French Development Agency have been working together in the power sector since 2017. 

“We are happy about this collaboration, particularly in the energy and agricultural sector under the Green Economy Team Europe Initiative. 

“The collaboration is a concrete example of how the EU Global Gateway can contribute to major investments in infrastructure development. 

“We are now looking at the implementation of the project, which is very important to us.” Tassin-Pelzer said. 

Meanwhile, the AFD country director, Xavier Muron, hinted of the creation of solar farms in the north-western part of Nigeria, stating that mixed diversification has been unachievable due to poor transmission networks.

+ posts

Featured Stories

Why CBN Retained Bencmark Interest Rate At 27.5%

CBN: Curbing Bank Frauds

By Arize Nwobu The Central Bank of Nigeria ( CBN) is in the forefront and in collaboration with other regulatory institutions to

Latest from Business

Naira vs Dollar: What To Expect This Week (31st March – 5th April 2025)

Dollar, Pound, Euro Rates Drop In Official Market

At the end of trading on Tuesday, January 27, the foreign exchange (FX) rate for the dollar decreased to N1,409.5 kobo per $1 in the Nigerian foreign exchange market (NFEM). According to the NFEM data provided by the Central Bank of Nigeria
The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

NGX Market Cap Grows By N125.64bn

Over N125.64 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Tuesday, January 27, as the market capitalisation closed at N106.08 trillion. The market valuation of the NGX had closed trading at N105.96 trillion on Monday,
Cement Prices: House Of Reps Members’ Comments ‘Very Unfair’ To Investors - CPPE

Cement Companies With Highest Valuation In Nigeria In 2025

The valuation of the cement companies on the Nigerian Exchange (NGX), also known as the stock market, increased by 49.67 percent or N6.13 trillion between January and December 2025. According to Prime Business Africa’s analysis, the market valuation of the cement companies

Instagram, Facebook, WhatsApp Users to Pay Under New Plan

Meta says it will begin testing premium subscription services across Instagram, Facebook and WhatsApp, as the company looks to expand paid offerings alongside its free social media platforms. The technology firm said the subscriptions would unlock additional features, including advanced artificial intelligence
AGAIN! More Sexual Abuse Victims Testify Against R. Kelly
Previous Story

Chicago Court To Jail R. Kelly For New Sexual Misconducts

African Environment Activists Ask Total To Stop Oil Extraction In Uganda
Next Story

African Environment Activists Ask Total To Stop Oil Extraction In Uganda

Don't Miss

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Over N467.95bn Gained In Nigerian Stock Market Trading

Nigerian stock market resumed trading on Friday with a 1.42

Manchester United 0 – 2 Manchester City: Solskjaer Rues ‘A Step Backwards’ Defeat To Guardiola’s Men

By Izuchukwu OkosiJoin our WhatsApp Channel Ole Gunnar