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    Home»Nigeria Economy»TCN secures $1.16bn project funding from development partners in 2025
    Nigeria Economy

    TCN secures $1.16bn project funding from development partners in 2025

    NigeriaNewzBy NigeriaNewzDecember 21, 2025No Comments3 Mins Read
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    The Transmission Firm of Nigeria (TCN) in 2025 secured $1.16 billion from improvement companions, for the development of crucial energy initiatives throughout the nation.

    Sule Ahmed Abdulaziz, managing director, TCN disclosed this in his finish of yr goodwill message issued to journalists on Sunday.

    Based on Abdulaziz, the partnership resulted in initiatives such because the Abuja Feeding Scheme, which incorporates the development of 5 new substations and a brand new 330kV transmission line. He defined that whereas a few of these initiatives are already accomplished, others are ongoing, geared toward modernising the grid, increasing capability, and making ready TCN to satisfy the vitality wants of a rising economic system.

    Learn additionally: Holiday demand tests national grid as gas supply tightens

    He stated, “It’s attention-grabbing to notice that, in the middle of the yr, TCN additionally superior a number of crucial initiatives funded by our improvement companions valued at over $1.16 billion. This partnership has resulted in initiatives such because the Abuja Feeding Scheme, which incorporates the development of 5 new substations and a brand new 330kV transmission line.

    “A few of these initiatives are already accomplished, whereas others are ongoing, geared toward modernizing the grid, increasing capability, and making ready TCN to satisfy the vitality wants of a rising economic system. The boldness proven by these companions in TCN’s means to ship is each humbling and motivating.”

    Abdulaziz additionally stated that the corporate, this yr, made deliberate strides to strengthen the nation’s infrastructure, rehabilitate ageing belongings, and increase transformer capability throughout the nation.

    With these efforts, he stated TCN’s wheeling capability has grown to eight,700MW, making certain that it’s higher ready to help the nation’s growing demand for electrical energy.

    “A spotlight of our progress got here on March 4, 2025, when TCN transmitted an all-time peak era of 5.801.84MW with a most every day vitality of 128,370.75MWh delivered nationwide; the very best ever recorded within the nation’s historical past between January 2024 and November 2025.

    “We additionally commissioned eighty-two new energy transformers, including over 8,500MVA to the grid, a serious enhance to reliability and capability. These accomplishments communicate to TCN’s dedication to maintain enhancing the spine of Nigeria’s energy sector.”

    Amid these good points, Abdulaziz decry the persistent act of vandalism on energy belongings, including that from January to November 2025, the corporate recorded 131 vandalism incidents throughout its community.

    He nevertheless said that the corporate is nevertheless working carefully with the Workplace of the Nationwide Safety Adviser (ONSA), different safety operatives, and vigilante teams in some communities to curb this menace.

    “We’ll proceed to accentuate sensitization campaigns and neighborhood engagement efforts to curb this pattern and safeguard our crucial infrastructure.

    “Looking forward to 2026, we should endeavour to construct on this years accomplishments, with concentrate on accelerating challenge implementation, modernizing transmission infrastructure, immediate upkeep, and deepening stakeholder engagement.

    “As TCN deepens its collaboration with NISO, I urge all employees to embrace this partnership, along with NISO and different sector gamers, we should keep centered on the bigger objective of advancing the Nigerian Electrical energy Provide Business and powering our nation’s progress,” he added.

     



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