The African Development Bank Approves $210 Million Loan for Nigeria

Published
The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network.

The loan to Transmission Company of Nigeria (TCN) will support construction of 330KV double circuit quad transmission lines and sub-stations across the country, the bank said in a statement late on Friday.

The AfDB funded project will run across seven states and will improve the capacity of power grid where it is most constrained.

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READ MORE : http://www.africanews.com/2019/11/30/afdb-approves-210-mln-loan-for-nigeria

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Category
Nigeria
Tags
nigeria, The African Development Bank, loan