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Nigeria borrowed N1.3tn in four years to subsidise electricity – World Bank

The World Bank has said that the Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity. The bank disclosed this in its ‘Resilience through Reforms’ report.

June 17, 2021

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Nigeria borrowed N1.3tn in four years to subsidise electricity – World Bank

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