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World Bank: We aided Nigeria’s power sector with $1.25bn
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By Chris Ochayi, ABUJA
The World Bank said it has aided the country’s power sector with the sum of $1.25 billion within two years.
This was disclosed during the presentation of the Power Sector Recovery Programme factsheet during the World Bank’s virtual meeting with journalists.
The World Bank’s Practice Manager, West and Central Africa Energy, Ashish Khanna said the country’s power sector has not kept up with demand or provides reliable supply to existing customers.
Ashish Khanna, also disclosed that businesses in Nigeria lose about $29bn annually because of unreliable electricity.