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Africa, News

WORLD BANK SAYS IT APPROVES $750 MLN LOAN FOR NIGERIA’S POWER SECTOR

ABUJA (Reuters) – The World Bank has approved a $750 million loan for Nigeria’s power sector, the lender said.

The money will be used “to improve the reliability of electricity supply” by ensuring power supply to Nigeria’s grid, the World Bank said in a statement late on Tuesday.

(Reporting by Paul Carsten; editing by Jason Neely)


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