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How CBN’s targeted financing is reviving Nigeria’s ailing power sector

newsjar by newsjar
February 17, 2021
in Business
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How CBN’s targeted financing is reviving Nigeria’s ailing power sector
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The Central Bank of Nigeria (CBN) is restoring life to Nigeria’s beleaguered power sector via targeted intervention funding to the tune of N501 billion, and leading sector players now say the programme is beginning to bear tangible fruits. Total monthly collection by the distribution companies (DisCos) has risen to N65 billion at the last count….

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