November 23, 2024
Transformer

The World Bank approved a $500 million loan to improve access to electricity in Nigeria and expand the metered network of power distributors.

The money will help distribution companies “make necessary investments to rehabilitate networks, install electric meters for more accurate customer billing and to improve quality of service for those already connected to the grid,” the Washington-based lender said in emailed statement Friday.

To qualify for funds, private distribution companies must meet various criteria including connection targets, financial management and network expansion, the lender said.

The loan follows the World Bank’s backing last year of a $750 million project to boost the energy sector of Africa’s biggest economy.

Nigeria lost about $26.2 billion as a result of unstable power supplies and 43% of the country’s 200 million people aren’t connected to the grid, the World Bank said.

47 thoughts on “Nigeria’s power sector gets $500 million boost from World Bank

  1. 920559 273144hello i discovered your post and thought it was very informational likewise i suggest this site about repairing lap tops Click Here 209293

  2. 273315 696719Hello there! I could have sworn Ive been to this blog before but soon after reading via some of the post I realized its new to me. Anyhow, Im surely pleased I identified it and Ill be book-marking and checking back regularly! 829133

  3. 698274 113184Trop excitant de mater des femmes lesbiennes en train de se doigter la chatte pour se faire jouir. En plus sur cette bonne petite vid o porno hard de lesb X les deux jeunes lesbienne sont trop excitantes et super sexy. Des pures beaut de la nature avec des courbes parfaites, les filles c est quand v 135344

  4. 120929 979372Yesterday, while I was at work, my sister stole my iPad and tested to see if it can survive a forty foot drop, just so she can be a youtube sensation. My iPad is now destroyed and she has 83 views. I know this is completely off topic but I had to share it with someone! 556383

  5. 119714 526973Have read a couple of of the articles on your web site now, and I really like your style of blogging. I added it to my favorites blog web site list and will probably be checking back soon. 760357

  6. 575625 490813Usually I dont learn post on blogs, however I wish to say that this write-up really pressured me to try and do it! Your writing taste has been surprised me. Thank you, quite fantastic post. 214764

  7. 265466 22139Spot lets start function on this write-up, I really believe this wonderful site requirements additional consideration. Ill more likely be once again you just read additional, thank you that data. 285294

  8. Профессиональный сервисный центр по ремонту радиоуправляемых устройства – квадрокоптеры, дроны, беспилостники в том числе Apple iPad.
    Мы предлагаем: ремонт квадрокоптеров в москве
    Наши мастера оперативно устранят неисправности вашего устройства в сервисе или с выездом на дом!

  9. 997543 19515The subsequent time I read a weblog, I hope that it doesnt disappoint me as a good deal as this one. I mean, I know it was my option to read, but I truly thought youd have something attention-grabbing to say. All I hear is really a bunch of whining about something which you possibly can repair should you werent too busy on the lookout for attention. 966418

  10. Профессиональный сервисный центр по ремонту бытовой техники с выездом на дом.
    Мы предлагаем: сервисные центры в красноярске
    Наши мастера оперативно устранят неисправности вашего устройства в сервисе или с выездом на дом!

  11. Профессиональный сервисный центр по ремонту бытовой техники с выездом на дом.
    Мы предлагаем: сервис центры бытовой техники красноярск
    Наши мастера оперативно устранят неисправности вашего устройства в сервисе или с выездом на дом!

Leave a Reply

Your email address will not be published. Required fields are marked *