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Nigeria To Attract $15 Billion From Private Investors To Prop Up Power Sector ...Middle East
Nigeria is taking bold steps to revive its faltering power sector, aiming to attract $15 billion in private investments while keeping its most vulnerable citizens in mind. At a World Bank energy summit in Tanzania, the government outlined a plan that combines higher electricity tariffs with fresh subsidies to ease the burden on households. Under the proposal, households will receive 50 kilowatt hours of subsidized electricity monthly, either through direct consumption or vouchers. This is part of a broader effort to address a massive $23 billion…
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