IBEDC secures N4.2bn CBN loan, targets September for project’s delivery

Nigeria’s biggest utility firm in terms of catchment area opens up on project’s progress at stakeholder’s meeting with Ibafo/Mowe/Aseese Customers   The Ibadan Electricity Distribution Company (IBEDC) on Tuesday declared that it had secured N4.2 billion loan facility from the Central Bank of Nigeria (CBN) for projects that will surge its supply delivery to customers in Magboro, Makogi, Oke-Afa to Ibafo, Asese, Orimerunmu, Pakuro, Lotto and Mowe axis and environs. Chief Operating Officer (COO) of the utility company, Engineer John Ayodele, who stated this at a stakeholder meeting with leaders…

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