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AfDB to approve multi-billion funds for Nigerian power projects

12/8/2016

 The African Development Bank (AfDB) President Akinwumi Adesina stated that the bank is set to approve a $1 billion for budget support for Nigeria next month, according to ESI-Africa.

He added that the AfDB will increase its loans in Nigeria to $4.1 billion in two years, and $10 billion by 2019, making more funds available for the projectsaimed at increasing electricity generation and transmission capacity.

Source: ESI-Africa