The Transmission Company of Nigeria (TCN) has secured more than $1.4 billion, (about N1.87 trillion), in loans and grants from multilateral development partners to expand the national electricity grid this year.
TCN Executive Director, Transmission Service Provider, Ajiboye Oluwagbenga, disclosed this during a training workshop on Thursday in Keffi, Nasarawa State.
According to him, the company also raised its transmission capacity to more than 8,700 megawatts.
He said the investment, mobilised largely over the past 12 months, has financed the expansion of transmission infrastructure, including the commissioning of 89 power transformers across the country.
Oluwagbenga said the funds were secured through partnerships with international development institutions and financiers, including the World Bank, African Development Bank, Japan International Cooperation Agency and Agence Française de Développement.
He said the investments have significantly strengthened the transmission network and created enough capacity to move substantially more electricity across the country, although the full 8,700MW capacity has yet to be physically tested.
He, however, said the inability or unwillingness of some electricity distribution companies to take available power was limiting the amount of electricity transmitted to consumers.
According to him, the highest volume of electricity wheeled through the national grid was 5,801.84MW, achieved in 2025.
The TCN director also said the company’s transmission capacity had exceeded 8,500MW, arguing that its network could deliver substantially more electricity to distribution companies if the available capacity was fully utilised.
