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FG borrowed N1.3tn in four years to subsidise power consumers, firms – W’Bank

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The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. The bank said this in its ‘Resilience through Reforms’ report. According to the report, the power sector in Nigeria will cost the Federal Government…


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