Nationwide Jubilation As Babatunde Fashola Makes The Best Achievement, Receives Massive International Backing To End Power Failure Before 2019

By Post Nigeria February 16, 2018 15:24

Nationwide Jubilation As Babatunde Fashola Makes The Best Achievement, Receives Massive International Backing To End Power Failure Before 2019

Emerging report reveals that the World Bank has approved a 486 million dollars credit facility to Nigeria, for electricity grid improvements, the Lender said on Friday.

This comes as the Minister of Power, Babatunde Fashola, has been working endlessly to see to the All Progressives Congress’, APC, campaign promise of ending the power situation in the country, fulfilled, before the 2019 election year.

“The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of the transmission network, and enable distribution companies to supply consumers with additional power”, the World Bank said.

This comes as good news to households and businesses nationwide, as Nigeria’s power sector is often criticised by Economists for holding back the country’s economic growth.

Businesses and households are subject to frequent blackouts, and many depend on their own generators that are very expensive to run.

(NAN)

 

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