President Bola Ahmed Tinubu’s three-day trip to Yokohama, Japan, for the Ninth Tokyo International Conference on African Development (TICAD9) produced major economic and diplomatic outcomes for Nigeria.
Here is a brief of what went down, from strategic partnerships to economic relations:
Key Takeaways
$5.5bn Africa Fund: Japan announced a $5.5 billion support fund for African economies, with Nigeria set to benefit.
Power Deal: Nigeria secured a $238 million loan from the Japan International Cooperation Agency to boost the national power grid.
Health Boost: The Nigeria Centre for Disease Control received a ¥1.75 billion grant from JICA to strengthen diagnostics.
Renewable Energy: Nigeria advanced a $190 million loan facility to expand renewable energy access in underserved communities.
Diplomacy: Tinubu lobbied for Nigeria’s inclusion as a permanent member of the UN Security Council and stronger roles in the International Court of Justice and International Maritime Organisation.
Kisarazu Partnership: Japan named Kisarazu City as a new “hometown” for Nigerians, with plans for a special visa category for highly skilled youth and artisans willing to upskill.
