The federal government has secured a $500 million loan from the World Bank to fund electricity Distribution Companies (DisCos). According to the Bureau of Public Enterprises, in a statement in Abuja, yesterday, the loan would fill financing gaps in the distribution segment, considered as the most problematic in the industry. “This funding supports the Nigerian Distribution Sector Recovery Program (DISREP) aimed at improving the financial and technical performance of the DisCos. “The Distribution Sector Recovery Program (DISREP) is designed to enhance the financial and technical operations of the DisCos through…
Read MoreNigeria Secures $500m World Bank Loan To Fund DisCos
