What World Bank’s $500m loan means for Nigeria’s power sector
World Bank is providing support for distribution and metering infrastructure in Nigeria.
Improving the reliability of electricity supply, attracting private capital, achieving fiscal sustainability among others are some of the fundamental impacts the World Bank’s $500 million loan is expected to have on Nigeria’s power sector, energy experts say.
Nigeria’s decrepit power sector has hobbled the growth of Africa’s largest economy for decades. However, with improved transparency,…