World Bank approves $486 m credit to Nigerian power grid work
Nigeria’s power sector is often criticised by economists for holding back the country’s economic growth.
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“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.
Businesses and households are subject to frequent blackouts, and many depend on their own generators that are expensive to run.
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