The World Bank has approved a $750 million International Development Association credit for Nigeria’s Power Sector Recovery Operation. This was contained in a statement issued by the bank on Wednesday.
The statement quoted World Bank Country Director for Nigeria, Shubham Chaudhuri, as saying the credit would help to improve the electricity supply in Nigeria. It expressed worry that about 47 percent of Nigerians have no access to grid electricity and those who had access, faced regular power cuts…
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