(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.
The World Bank has approved a $3 billion loan for Nigeria to expand its electricity transmission and distribution infrastructure, The Cable reported.
The loan will be released in four tranches of $750 million each and could be expanded to $4 billion, the Lagos-based online newspaper reported, citing Finance Minister Zainab Ahmed.
Nigerian authorities will visit the World Bank in April to receive the first installment of the loan, according to the newspaper.
To contact the reporter on this story: Emele Onu in Lagos at eonu1@bloomberg.net
To contact the editors responsible for this story: Stefania Bianchi at sbianchi10@bloomberg.net, James Amott, Angela Cullen
