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AfDB grants Nigeria $500m loan to support economic reforms, energy transition

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As street protests continue against the high costs of living and economic reforms, the African Development Bank is granting a loan to Nigeria.

It’s a 500 million dollars( over 300 billion CFA francs) facility to finance the first phase of the program to support economic governance and energy transition.

This new project aims to accelerate the transformation of Nigeria’s electrical infrastructure.

Abdullahi Hassan has more details in the following report.

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AfDB grants Nigeria $500m loan to support economic reforms, energy transition

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