Rural Electrification Agency

Nigerian Govt to request USD 200 million loan for rural electrification project. The Nigerian government approves a request to obtain a USD 150 million loan from African Development Bank (AfDB). More so, the loan will feature an additional USD 50 million fund from the Africa Grow Together Fund – a co-financing fund between AfDB and People’s Bank of China. The ministry of Power, Works and Housing intends to use this money to finance the ongoing rural electrification initiative….