Nigeria has reaffirmed its commitment to forging strategic global alliances as President Bola Tinubu led the national delegation to the Ninth Tokyo International Conference on African Development (TICAD 9) in Yokohama, Japan.
At the summit, high-level discussions centred on power, infrastructure, and industrial transformation as key drivers of sustainable development. According to a statement from the Federal Ministry of Power, Nigeria secured a $190 million loan facility at the event to accelerate renewable energy projects across the country.
President Tinubu stressed that Nigeria’s participation at TICAD 9 was not about exhibitions but about building outcome-driven partnerships that deliver tangible benefits for the Nigerian people. He noted that Nigeria is deliberately moving from “planning to implementation, from agreements to delivery, and from promises to measurable results.”
The Minister of Power, Adebayo Adelabu, also held strategic engagements with Japanese corporations such as Toshiba, Hitachi, Japan’s Transmission & Distribution Corporation, and Energy Exchange companies. Discussions focused on strengthening transmission infrastructure, improving operational efficiency, and reducing system losses.
Adelabu further revealed that the $190m loan, supported by the Japan International Cooperation Agency (JICA), will scale distributed renewable energy solutions across underserved communities. This initiative builds on the $750m World Bank Distributed Access through Renewable Energy Scale-up (DARES) programme under the Mission 300 Compact, which targets delivering clean, reliable power to more than 17 million Nigerians.
For Nigeria’s property and infrastructure sector, this investment signals a renewed focus on sustainable energy as the backbone of industrial and housing growth.
