World Bank has approved a 486 million dollars credit
facility to Nigeria for electricity grid improvements, the lender said on
Friday.
electricity “The investments under the Nigeria Electricity Transmission
Project will increase the power transfer capacity of the transmission network
and enable distribution companies to supply consumers with additional power,”
the World Bank said. Nigeria’s power sector is often criticized by economists
for holding back the country’s economic growth. Businesses and households are
subject to frequent blackouts, and many depend on their own generators that are
expensive to run.
World Bank has approved
a 486 million dollars credit facility to Nigeria for electricity grid
improvements, the lender said on Friday.
electricity
“The investments under the Nigeria Electricity Transmission Project will
increase the power transfer capacity of the transmission network and
enable distribution companies to supply consumers with additional
power,” the World Bank said.
Nigeria’s power sector is often criticised by economists for holding
back the country’s economic growth.
Businesses and households are subject to frequent blackouts, and many
depend on their own generators that are expensive to run.
Read more at: https://www.vanguardngr.com/2018/02/nigeria-gets-486m-w-bank-credit-power-sector-2/
Read more at: https://www.vanguardngr.com/2018/02/nigeria-gets-486m-w-bank-credit-power-sector-2/
World Bank has approved
a 486 million dollars credit facility to Nigeria for electricity grid
improvements, the lender said on Friday.
electricity
“The investments under the Nigeria Electricity Transmission Project will
increase the power transfer capacity of the transmission network and
enable distribution companies to supply consumers with additional
power,” the World Bank said.
Nigeria’s power sector is often criticised by economists for holding
back the country’s economic growth.
Businesses and households are subject to frequent blackouts, and many
depend on their own generators that are expensive to run.
Read more at: https://www.vanguardngr.com/2018/02/nigeria-gets-486m-w-bank-credit-power-sector-2/
Read more at: https://www.vanguardngr.com/2018/02/nigeria-gets-486m-w-bank-credit-power-sector-2/
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