AfDB Approves $155 Million Loan For Nigeria’s EPSERP

According to Fatimah Alkali, Senior Communications Officer of the Africa Development Bank (AfDB), Bank has approved a loan of $155 million for Economic and Power Sector Reform Programme (EPSERP) in Nigeria.

The loan is aimed at improving power systems, business environment and sustaining growth through sound macroeconomic policies and budget priorities.

The programme was designed to benefit the entire population of Nigeria in terms of extended access to more reliable supply of electricity at reduced rate.

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