To address Nigeria’s long-standing power supply issues, the Federal Government is in advanced negotiations with China’s Export-Import Bank for a $2 billion loan to construct a new electrical super grid. The proposed grid project, according to Bloomberg, intends to improve electricity transmission throughout the country’s eastern and western regions, which are home to the majority of industrial consumers. “The project is part of efforts to decentralise power generation and encourage heavy energy users who left the national grid due to its unreliability to reconnect,” said Adebayo Adelabu, minister of power,…
Nigeria Eyes China for $2bn Funding to Fix Power Grid
