World Bank demands enhanced accountability in disbursement of its $750 million loans to Nigerian power sector The World Bank has declared that Nigeria has lost $28 billion to power epilepsy rocking the country. The apex bank, which stated this in a document in which it demanded accountability on $750 million loan it approved for Nigeria’s power sector, maintained that what the country lost to inability to fix power problem was equivalent to two per cent of its Gross Domestic Product (GDP). “The economic cost of power shortages in Nigeria is estimated…
Read MoreNigeria’s Loss To Power Epilepsy Hits $28bn – World Bank
